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U.S. Healthcare Inc said it has authorized the repurchase of up to 10 mln shares of stock. The company repurchased five mln shares under a program that ended earlier this year. Reuter
U.S. HEALTHCARE <USHC.O> TO BUY BACK SHARES
The Philadelphia Stock Exchange said trading was halted about 1105 EDT in its value line composite index option that involves about 1700 stocks. The exchange added that its gold and silver options index did not open trading Tuesday but that trading continued in its national over-the-counter stock index option. The halt...
PHILADELPHIA HALTS MAJOR INDEX OPTION TRADE
CBOE TO RESUME INDEX OPTIONS TRADING AT 1215 CDT
Sterling Software Inc said it has bought back 394100 shares of its stock in the open market since October 8. In a market full of sellers were a confident buyer and well continue purchasing shares president Sterling Williams said. Reuter
STERLING SOFTWARE <SSW> BUYS BACK SHARES
FDIC'S SEIDMAN SAYS STOCK MARKET DROP NOT HAVING ANY IMPACT ON BANKS
NYSE SAYS NEW YORK FUTURES EXCHANGE WILL REOPEN AT 1315 EDT
Travelers Corp said will repurchase up to 2.5 mln shares ot its common stock. The company which has 100.2 mln shares outstanding said its stock is at an attractive price at the moment. Reuter
TRAVELERS <TIC> TO REPURCHASE STOCK
CME HAS RESUMED TRADING IN S/P 500 STOCK INDEX FUTURES AND OPTIONS
Aceto Corp said its board increased its authorized share repurchase program to 500000 shares from 200000. The shares will be bought in the open market. It has bought back 185422 shares under the previously authorized 200000 share program. Reuter
ACETO <ACET.O> BOOSTS SHARE REPURCHASE
Shr profit five cts vs loss four cts Net profit 378000 vs loss 140000 Revs 4226000 vs 1240000 Nine mths Shr loss 38 cts vs loss 16 cts Net loss 1088000 vs 538000 Revs 10.1 mln vs 2963000 NOTE: 1987 nine mths includes charge 1827000 dlrs for exchange by an officer and director of 554000 shares of junior subordinated sto...
HEALTH IMAGES INC <HIMG.O> 3RD QTR NET
Federal Reserve spokesmen in New York and Washington said there are no plans for a news conference today. The spokesmen were responding to rumors in the financial markets. There was also speculation that because Fed Chairman Alan Greenspan and Vice Chairman Manuel Johnson have cancelled trips out of Washington today th...
FED SAYS NO NEWS CONFERENCE TODAY
Eaton Vance Corp said its board authorized the repurchase of up to 200000 shares of its common stock through privately negotiated or open market transactions. It has 4.3 mln outstanding shares. Reuter
EATON VANCE <EAVN.O> TO BUY BACK 200,000 SHARES
KANSAS CITY BOARD OF TRADE RESUMES TRADING IN VALUE LINE STOCK INDEX FUTES
A share options dealer with Svenska Handelsbanken &lt;SHBS.ST> and his office manager have lost the bank more than 100 mln crowns in unauthorised dealing the bank said in a statement. Handelsbanken said the two made the losses calculated according to Mondays bourse prices when they carried out unauthorised transactions...
HANDELSBANKEN STAFF LOSE 100 MLN CROWNS IN DEALS
Federal Deposit Insurance Corp chairman Wiliam Seidman said the stock market decline has not had a measurable impact on U.S. banks. Seidman attending the American Bankers Association annual convention told reporters We are looking to see if the stock market was having any direct effects. We have seen none. Seidman also...
FDIC'S SEIDMAN SAYS BANKS UNAFFECTED BY MARKET
Shr four cts vs 36 cts Net 254000 vs 2063000 Revs 130.0 mln vs 107.8 mln Nine mths Shr 23 cts vs 1.16 dlrs Net 1336000 vs 6659000 Revs 370.9 mln vs 313.7 mln Reuter
PRESTON CORP <PTRK.O> 3RD QTR NET
Commerce Undersecretary J. Michael Farren opposed language in the trade bill before Congress to limit foreign takeovers of U.S. companies. Anything that would serve to have a chilling effect on foreign investment is going to cost us jobs and economic growth Farren said before a congressional coittee. House and Senate n...
U.S COMMERCE DEPT OPPOSES FOREIGN TAKEOVER BAN
Shr 52 cts vs 47 cts Net 1935000 vs 1495000 Revs 52.7 mln vs 43.1 mln Year Shr 83 cts vs 1.01 dlrs Net 3775000 vs 3221000 Revs 172.7 mln vs 105.9 mln NOTE: Share figures for year are after payment of preferred share dividend and include unspecified extraordinary items. Reuter
CONTRANS CORP <CSS.TO> 4TH QTR AUGUST 31 NET
Agriculture Secretary Richard Lyng said the ruling of a GATT panel on a U.S. trade complaint against Japan expected soon may influence the U.S. stance in negotiations with Tokyo on beef and citrus import quotas. The ruling of a GATT tribunal on a U.S. demand that Japan end quotas on 12 categories of food items is expec...
GATT CASE AGAINST JAPAN A MODEL FOR U.S. - LYNG
Shr 95 cts vs 30 cts Net 9139000 vs 2894000 Revs 135.6 mln vs 118.5 mln Nine mths Shr 2.81 dlrs vs 1.95 dlrs Net 27.0 mln vs 18.8 mln Revs 406.5 mln vs 372.8 mln Reuter
STANADYNE INC <STNA.O> 3RD QTR NET
Shr 99 cts vs 77 cts Net 12.7 mln vs 9736000 Avg shrs 12.8 mln vs 12.7 mln Nine mths Shr 2.67 dlrs vs 2.30 dlrs Net 34.0 mln vs 29.1 mln NOTE: Net includes pretax securities gains 16000 dlrs vs 228000 dlrs in quarter and 48000 dlrs vs 1673000 dlrs in nine mths. Net includes loan loss provisions 1092000 dlrs vs 790000 d...
MERCANTILE BANKSHARES CORP <MRBK.O> 3RD QTR NET
PENTAGON SAYS U.S. WARSHIPS BEGIN ESCORTING GULF TANKER CONVOY SOUTH FROM KUWAIT
ALLEGIS CORP SAYS IT WILL REPURCHASE UP FIVE MLN SHARES
Shr 38 cts vs not given Net 8616000 vs not given Revs 209.1 mln vs 169.8 mln Nine mths Shr 1.76 dlrs vs not given Net 34.5 mln vs not given Revs 632.0 mln vs 551.5 mln NOTE: Year ago per share and net income not available as company recapitalized on December 28 1986 after it became a new reporting entity for financial ...
ALLEGHENY LUDLUM CORP <ALS> 3RD QTR NET
Mondays international share crash was exaggerated and did not reflect economic fundamentals Wolfgang Roeller president of the West German banking association BDB said in a statement. A comparison with the (Wall Street crash of) 1929 is totally inappropriate Roeller also chief executive of Dresdner Bank AG said. The wor...
GERMAN BANKING PANEL SAYS SHARE FALL EXAGGERATED
Shr primary 60 cts vs 42 cts Shr diluted 57 cts vs 41 cts Net 5590000 vs 3721000 Revs 103.5 mln vs 91.8 mln Nine mths Shr primary 1.55 dlrs vs 1.41 dlrs Shr diluted 1.48 dlrs vs 1.34 dlrs Net 14.3 mln vs 12.7 mln Revs 300.5 mln vs 269.3 mln Reuter
ATLANTIC RESEARCH CORP <ATRC.O> 3RD QTR NET
Biosonics Inc said Jeffrey S. Wigand has resigned as president chief operating officer and director of the company. The company said Wigand will announce his affiliation with another healthcare company as soon as negotiations are completed. Reuter
BIOSONICS INC <BIOS.O> PRESIDENT RESIGNS
Shr 38 cts vs 28 cts Net 18.6 mln vs 14.5 mln Revs 574.2 mln vs 493.3 mln Avg shrs 48602000 vs 50487000 Nine months Shr 85 cts vs 61 cts Net 41.5 mln vs 32.8 mln Revs 1.62 billion vs 1.40 billion Avg shrs 48622000 vs 51670000 NOTE: 1987 results do not include September acquisiton of Dennys Inc. Reuter
TW SERVICES INC <TW> 3rd qtr net
Exovir Inc &lt;XOVR.O> said its board authorized the purchase of up to one mln dlrs of the comapnys common stock in open market transactions. The company said based on currrent market conditions it believes the stock is substantially undervalued. Reuter
EXOVIR TO BUYBACK UP TO ONE MLN DLRS OF STOCK
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 <GM> CANADA AND WORKERS FAR APART IN TALKS
Shr loss 18 cts vs loss 3.61 dlrs Net loss 5600000 vs loss 100.2 mln Revs 33.5 mln vs 22.3 mln Avg units 30.9 mln vs 27.5 mln Nine mths Shr loss 22 cts vs loss 4.20 dlrs Net loss 6800000 vs loss 113.6 mln Revs 97.3 mln vs 83.4 mln Avg units 30.0 mln vs 26.8 mln NOTE: full name is sante fe energy partners l.p. Reuter
SANTA FE ENERGY PARTNERS <SFP> 3RD QTR LOSS
King World Productions Inc said it began an open market repurchase program of its shares on October 19. King World said the total number of shares ultimately bouught back will depend on prevailing market conditions including interst rates the price of the shares and possible diversification opportunities. Reuter
KING WORLD <KWP> BEGINS STOCK REPURCHASE
Shr 66 cts vs 61 cts Net 5928000 vs 5447000 Revs 126.0 mln vs 89.8 mln Avg shrs 8948000 vs 8947000 Nine mths Shr 1.96 dlrs vs 1.96 dlrs Net 17.5 mln vs 16.3 mln Revs 343.9 mln vs 286.9 mln Avg shrs 8948000 vs 8300000 Reuter
GENERAL DEVELOPMENT CORP <CDV> 3RD QTR NET
Ordinary net profit after provisions for losses and taxes 300 mln vs 203 mln Group operating profit before loan loss provisions 875 mln crowns vs 986 mln Total assests 132.0 billion crowns vs 107.6 billion Note - Full company name is Den Norske Creditbank &lt;NCBO.OL> REUTER
DEN NORSKE CREDITBANK PROFIT RISES IN EIGHT MONTHS
A group of firms led by Hong Kong-based Industrial Equity (Pacific) Ltd said it increased its stake in Smith International Inc common stock to 3997100 shares or 17.5 pct of the total outstanding from about 14.9 pct. In a filing with the Securities and Exchange Commission the group said it bought 586500 Smith common sha...
GROUP LIFTS STAKE IN SMITH INTERNATIONAL <SII>
Britains highest court has decided the International Tin Council (ITC) can appeal over the use of ITC documents in court actions. On November 2 the House of Lords will decide if and to what extent ITC documents whether circulated or not are admissible as court evidence. Lawyers working in the legal tangle left from the...
TIN COUNCIL ALLOWED APPEAL ON USE OF DOCUMENTS
Iran and the Soviet Union have provisionally agreed to hold talks on a possible exchange of Iranian crude oil for finished Soviet oil products an official spokesman said Tuesday. Gennady Gerasimov chief of the Soviet Foreign Ministrys Information Directorate told reporters the agreement had been reached during a visit ...
IRAN, SOVIETS TO HOLD TALKS ON OIL EXCHANGE DEAL
Senate Finance Committee Chairman Lloyd Bentsen said he had been in touch with White House officials early on Tuesday on his proposal for an economic summit between Congress and the administration but has yet to receive a response. Im not at liberty to say what theyre going to do yet the Texas Democrat told an American...
BENTSEN AWAITING RESPONSE ON ECONOMIC SUMMIT
The American Soybean Association (ASA) denounced European Community (EC) oilseed policies as illegal under the General Agreement on Tariffs and Trade and threatened to make an unfair trade complaint if the EC does not remedy the situation. ASA Vice President James Adams told an ASA-sponsored Outlook 87 conference: It w...
ASA SAYS EC OILSEED POLICY ILLEGAL UNDER GATT
The United States is prepared to pull out all the stops to defend its agricultural trade rights under the General Agreement on Tariffs and Trade (GATT) U.S. Ambassador to GATT Michael Samuels said. Those rights are now being challenged by the European Communitys (EC) agricultural support policies he told a conference s...
U.S. TAKES TOUGH STAND ON GATT FARM ISSUES
Shr 1.46 dlrs vs 1.41 dlrs Net 277.5 mln vs 268.3 mln Sales 2.13 billion vs 2.14 billion Avg shrs 189.8 mln vs 189.8 mln Nine mths Shr 3.95 dlrs vs 3.78 dlrs Net 750.5 mln vs 718.4 mln Sales 6.28 billion vs 6.22 billion Avg shrs 189.9 mln vs 190.2 mln Reuter
US WEST INC <USW> 3RD QTR NET
The United States warned Iran again that it was ready to retaliate for any further hostile military action in the Gulf as U.S. warships began escorting another tanker convoy southward from Kuwait. U.S. Defense Secretary Caspar Weinberger said the U.S. sought no further Gulf hostitilies but was ready to deal with any Ir...
US WARNS IRAN, BEGINS ESCORTING TANKER CONVOY
The International Coffee Organization (ICO) Executive Board is to hold a meeting on November 3/4 its first since export quotas were re-introduced early this month. An ICO spokesman said the session for the first time under the chairmanship of Bruno Caron of France will review the market situation and the operation of q...
ICO EXECUTIVE BOARD TO MEET EARLY NOVEMBER
Allegis Corp said it plans to repurchase up to five mln of its common shares. The company said the buyback plan was established to take advantage of market conditions. It said the timing and volume of the repurchases will depend on market conditions. Reuter
ALLEGIS <AEG> TO REPURCHASE UP TO 5 MLN SHARES
Guinness Plc &lt;GUIN.L> said it has completed the sale of subsidiaries &lt;Martin CTN Group Plc> and &lt;Drummonds Pharmacy Group Plc>. Total consideration was 232.6 mln stg subject to adjustment on final audit which is expected to add 12 mln stg Guinness said. Martins has been sold to &lt;Panfida Ltd> an Australian i...
GUINNESS COMPLETES UNIT SALES WORTH 232.6 MLN STG
Shr 42 cts vs 35 cts Net 1540000 vs 1289000 Year Shr 1.59 dlrs vs 63 cts Net 5849000 vs 3980000 NOTE: 1987 year excludes 1814000 dlrs for tax credits. 1986 4th qtr and year excludes a gain of 995000 dlrs and 2928000 dlrs respectively for tax credits. 1986 per share amounts caclulted from April 15 1986 to septebmer 30 t...
NORTH SIDE SAVINGS BANK <NSBK.O> 4TH SEPT 30
U.S. Agriculture Secretary Richard Lyng said the United States will continue its policy of subsidizing farm exports to regain lost markets until there is a global agreement to end such subsidies. In an interview with Reuters Lyng also acknowledged he was troubled by the prospect that the export enhancement program (EEP...
LYNG DEFENDS U.S. EXPORT SUBSIDY PROGRAM
Shr 40 cts vs 23 cts Net 1173859 vs 672824 Revs 11.0 mln vs 9857707 Nine mths Shr 1.03 dlrs vs 56 cts Net 2986823 vs 1637559 Revs 31.5 mln vs 27.2 mln Reuter
ATHEY PRODUCTS CORP <ATPC.O> 3RD QTR NET
Shr 30 cts vs 10 cts Net 560000 vs 177000 Revs 9700000 vs 7700000 Avg shrs 1877203 vs 1839752 Nine mths Shr 80 cts vs 28 cts Net 1480000 vs 524000 Revs 28.3 mln vs 22.8 mln Avg shrs 1854478 vs 1899769 Reuter
NATURE'S SUNSHINE PRODUCTS INC <AMTC.O> 3RD QTR
Holiday Corp said its unit Holiday Inns Inc has started exchange offers for all of the 150 mln dlrs of outstanding 8-3/8 pct notes of 1996 and all 75 mln dlrs of outstanding 14-1/8 pct notes of 1992. Holiday Inns will issue 1000 dlr principal amount of new 9-1/8 pct notes due 1993 for each 1000 dlr face amount of 8-3/8...
HOLIDAY <HIA> UNIT OFFERS NEW DEBT FOR OLD DEBT
Shr 35 cts vs 32 cts Net 3033000 vs 2189000 Revs 56.2 mln vs 31.9 mln Avg shrs 8649000 vs 6914000 Six mths Shr 63 cts vs 72 cts Net 5450000 vs 4966000 Revs 108.6 mln vs 66.3 mln Avg shrs 8655000 vs 6912000 Reuter
LEGG MASON INC <LM> 2ND QTR NET
The Soviet oil production target for 1988 has been set at 625 mln tonnes a rise of eight mln tonnes over this years planned output. Oil Minister Vasily Dinkov announced the figure on Tuesday at the Supreme Soviet the countrys nominal parliament. He said a new development strategy fuller use of oil deposits and better h...
SOVIET 1988 OIL OUTPUT TARGET AT 625 MLN TONNES
H.F. Ahmanson and Co parent of Home Savings of America said its third quarter earnings declined as a result of its decision in the second quarter to curtail sales of loans and mortgage-backed securities. As a result after-tax gains on sales of loans and mortgage-backed securities accounted for 28 pct of its third quart...
AHMANSON <AHM> NET LOWER ON LOAN SALE DECLINE
Shr 32 cts vs 35 cts Net 3446000 vs 3789000 Revs 220.9 mln vs 186.9 mln Nine mths Oper shr 77 cts vs 71 cts Oper net 8301000 vs 7298000 Revs 634.3 mln vs 535.1 mln NOTE: 1987 nine mths net excludes 3510000 dlr charge from antitrust litigation. Reuter
DYNCORP <DYN> 3RD QTR NET
American Fltrona Corp said its board authorized the repurchase of up to 100000 shares of companys stock for use in the its employee benefit plans and for other general corporate purposes. The company had 3690000 shares outstanding as of September 30. American also said it declared a regular quarterly dividend of 19 cts...
AMERICAN FILTRONA<AFIL.O> TO BUY BACK STOCK
ECOLAB INC 3RD QTR OPER SHR 16 CTS VS 34 CTS
Shr 54 cts vs 44 cts Net 706111 vs 579576 Revs 21.7 mln vs 23.2 mln Nine mths Shr 1.26 dlrs vs 44 cts Net 1657634 vs 582001 Revs 63.1 mln vs 68.6 mln NOTE: Full name of company is Frozen Food Express Industries Inc. Reuter
FROZEN FOOD EXPRESS <FEXP.O> 3RD QTR NET
Shr loss four cts vs profit four cts Net loss 93574 vs profit 100469 Revs 3125532 vs 3253239 Nine mths Shr loss three cts vs profit seven cts Net loss 67184 vs profit 179116 Revs 9125965 vs 9284055 Reuter
ASTROCOM CORP <ACOM.O> 3RD QTR NET
Empire of Carolina Inc said it plans to streamline operations which will result in an approximate 20 pct reduction of manufacturing management and support personnel. The company said it expects to increase production personnel by a like amount of people. Reuter
EMPIRE OF CAROLINA <EMP> IN RESTRUCTURING
Qtly div 29 cts vs 29 cts prior qtr Pay Dec 7 Record Nov 19 Reuter
K MART CORP <KM> SETS QTLY DIVIDEND
WELLS FARGO SAID IT RAISED ITS QUARTERLY DIVIDEND TO 50 CTS FROM 39 CTS
A senior treasury ministry official said an early meeting of Group of Seven (G-7) finance ministers was unlikely following the sharp fall in stock markets around the world. I do not think a G-7 meeting is imminent because the agreements made at the last meeting at the end of September in Washington remain valid Antonio...
G-7 MEETING UNLIKELY - ITALIAN TREASURY OFFICIAL
Telefon AB L M Ericsson &lt;ERIC.ST> said it would sell its office machinery unit with a turnover of two billion crowns to Norways &lt;Norska Design Funktion A/S>. Ericsson Information Systems of which the unit is a part said in a statement a decision would be reached in November about when the Norwegian firm would tak...
ERICSSON SELLS OFFICE MACHINE DIVISION
PACIFIC STOCK EXCHANGE SAYS ITS HALTED TRADING IN 30 OPTIONS ISSUES
BALLY MANUFACTURING CORP SAYS WILL REPURCHASE UP 25 MLN DLRS OF STOCK
Shr 14 cts vs 13 cts Net 2867.000 vs 2723000 Revs 18.9 mln vs 19.1 mln 1st half Shr 39 cts vs 32 cts Net 8139000 vs 6709000 Revs 47.3 mln vs 44.5 mln NOTE: Affiliate of McKesson Corp &lt;MCK>. Reuter
ARMOR ALL PRODUCTS CORP <ARMR.O> 2ND QTR SEPT 30
Goodman Fielder Ltd &lt;GOOW.S> of Australia said in a statement that it had acquired 31 mln ordinary shares in Ranks Hovis McDougall Plc &lt;RHML.L> (RHM) bringing its stake in the company to 29.9 pct or 101 mln ordinary shares. Goodman said it has no intention of making a full bid for the company and would not contem...
GOODMAN FIELDER HAS 29.9 PCT OF RANKS HOVIS
Shr 60 cts vs 54 cts Net 5726000 vs 4623000 Avg shrs 9538260 vs 8598198 Nine mths Shr 1.61 dlrs vs 1.35 dlrs Net 15.0 mln vs 11.5 mln Avg shrs 9277440 vs 8486590 Reuter
MULTIBANK FINANCIAL CORP <MLTF.O> 3RD QTR NET
Citicorp said its board has authorized the repurchase of up to five mln common shares before a two-for-one stock split that takes effect November 10. The company now has about 158.3 mln shares outstanding. Reuter
CITICORP <CCI> TO REPURCHASE COMMON
U.S. commodity markets should not suffer any long-term ill effects from Mondays financial turmoil Agriculture Secretary Richard Lyng said. I think traditionally that commodity markets have moved separately from the equity shares so I wouldnt think that this would have any long-term effect Lyng told Reuters in an interv...
LYNG OPTIMISTIC U.S. FUTURES MARKETS HEALTHY
Shr eight cts vs 10 cts Qtly div 30 cts vs 30 cts prior Net 204064 vs 245931 Nine mths Shr 1.14 dlrs vs 52 cts Net 2850042 vs 1291047 NOTE: 1987 and 1986 nine mths includes a net gain on sale of assets of 2258206 dlrs or 90 cts a share and 459503 dlrs respectively. Dividend payable November 13 to shareholders or record...
USP REAL ESTATE INVESTMENT TRUST <USPTS.O> 3RD
Shr 61 cts vs 64 cts Net 3430000 vs 3091000 Nine mths Shr 1.81 dlrs vs 1.73 dlrs Net 10185000 vs 8038000 Assets 1.64 billion vs 1.45 bilion Deposits 1.27 billion vs 1.15 billion Loans 1.03 billion vs 838.5 mln Note: 1986 figures restated to reflect pooling of interests transactions with Angola State Bank and Shipshewan...
LINCOLN FINANCIAL CORP <LFIN.O> 3RD QTR NET
Exovir Inc said its board authorized the purchase of up to one mln dlrs of its common stock. The dollar amount represents approximately 120000 shares the company said. Exovir has about three mln common shares outstanding. The company said it believed its stock was substantially undervalued. Reuter
EXOVIR <XOVR.O> TO BUYBACK SHARES
U.K. Chancellor of the Exchequer Nigel Lawson said the recent dispute between the United States and West Germany over economic policy was responsible for much financial turmoil and that it should never have happened. He said in a television interview the dispute had fanned fears of a breakdown in the cooperation which ...
LAWSON SAYS U.S.-WEST GERMAN ROW WAS UNNECESSARY
Oper shr 36 cts vs 25 cts Oper net 710000 vs 5700000 Avg shrs 20.0 mln vs 22.8 mln Nine mths Oper shr 1.03 dlrs vs 73 cts Oper net 21.3 mln vs 15.2 mln Avg shrs 20.7 mln vs 20.9 mln NOTE: 1986 net excludes realized capital gains of 2300000 dlrs in quarter and 22.6 mln dlrs in nine mths. Reuter
REPUBLIC AMERICAN CORP <RAWC.O> 3RD QTR NET
Shr 14 cts vs seven cts Net 348000 vs 135000 Revs 6328000 vs 4117000 Avg shrs 2558400 vs 1884200 Nine mths Shr 29 cts vs 20 cts Net 640000 vs 313000 Revs 12.0 mln vs 8719000 Avg shrs 2226600 vs 15896000 Reuter
KENT ELECTRONICS CORP <KEC> 2ND QTR SEPT 26 NET
Shr 34 cts vs 29 cts Net 3188000 vs 2731000 Revs 37.2 mln vs 25.4 mln Avg shrs 9474000 vs 9425000 Year Shr 92 cts vs 80 cts Net 8671000 vs 7492000 Revs 119.4 mln vs 73.6 mln Avg shrs 9450000 vs 9410000 Reuter
QMS INC <AQM> 4TH QTR OCT 2 NET
The United States appears to have won a transatlantic battle by forcing the Bundesbank to trim interest rates European economists said. But they added Washington set the stakes high by testing the limits of the Louvre accord while global stock markets were plunging. West German Finance Minister Gerhard Stoltenberg and ...
BAKER SEEN WINNING GERMAN INTEREST RATES BATTLE
The government has begun judicial proceedings to expropriate five private banks under the recent nationalisation law the official gazette said. Advisories published in the official daily El Peruano said the Economy Ministry had begun court proceedings to expropriate the stock of the Banco de Lima Banco Latino Banco Mer...
PERU STARTS PROCEEDINGS TO EXPROPRIATE BANKS
Shr 13 cts vs nine cts Net 2062000 vs 1418000 Revs 33.1 mln vs 26.9 mln Nine mths Shr 45 cts vs 33 cts Net 7053000 vs 5156000 Revs 95.5 mln vs 75.7 mln NOTE: Share adjusted for stock dividends. Reuter
LA PETITE ACADEMY INC <LPAI.O> 3RD QTR NET
Centuri Inc said it intends to buy up to one mln shares of its common stock. The company has approximately 16 mln shares outstanding. Reuter
CENTURI <CENT.O> TO BUY BACK ONE MLN SHARES
No major member firms of the New York Stock Exchange have reported any financial difficulties NYSE vice president Richard Torrenzano said. He said the only difficulty reported since the market fell 500 points yesterday was the problem encountered by a small firm H.B. Shaine and Co Inc of Grand Rapids Mich. which ceased...
NYSE SAYS NO MAJOR FIRMS REPORTING PROBLEMS
RJR Nabisco Inc said it named Robert J. Carbonell to the post of vice chairman and Edward J. Robinson to the newly-created position of executive vice president finance. Carbonell who had been senior executive vice president and chief administrative officer of RJR Nabisco will be responsible for corporate technology hum...
RJR NABISCO <RJR> NAMES TWO TO POSTS
Teva Pharmaceutical Industries Ltd said its shares are now quoted on the NASDAQ national market system. The company said its shares previously were quoted on the Nasdaq national market list. Reuter
TEVA PHARMACEUTICAL <TEVIY.O> LISTED ON NASDAQ
Shr profit 14 cts vs profit one ct Net profit 502251 vs profit 22012 Sales 4715846 vs 3731900 Avg shrs 3489342 vs 3288720 Nine mths Shr profit 19 cts vs loss 20 cts Net profit 637305 vs loss 658398 Sales 12.2 mln vs 9806301 Avg shrs 3439065 vs 3288720 Backlog 1726150 vs 739540 Reuter
TELECONCEPTS CORP <TCC> 3RD QTR NET
Texaco Inc chairman Alfred DeCrane said the company anticipates that the Texas State Supreme Court will agree to hear its 10.3 billion dlr legal battle with Pennzoil Co &lt;PZL> over ownership of Getty Oil. We expect that the Texas Supreme Court will hear our case will heed the voices of impartial third parties and wil...
TEXACO <TX> EXPECTS TEXAS COURT TO HEAR CASE
Bally Manufacturing Corp said it will repurchase up to 25 mln dlrs worth of its common stock in the open market or privately negotiated transactions Company officials could not be reached immediately for comment on the reason for adopting the repurchase plan. Ballys stock was at 12-1/8 down two points in afternoon trad...
BALLY<BLY> SETS STOCK BUYBACK UP TO 25 MLN DLRS
Shearson Lehman Brothers Holdings Inc said it will repurchase up to three mln common shares or about three pct of its total common shares outstanding on a fully diluted basis. The company said the recent decline in the market price of its shares presented an attractive investment opportunity and that the repurchase pro...
SHEARSON <SHE> TO BUYBACK UP TO 3 PCT OF STOCK
The European Community (EC) agreed a trade deal with Argentina designed to compensate the country following the entry of Spain and Portugal into the group EC officials said. Under the deal agreed by EC foreign ministers Argentina will gain additional trading rights on a series of products including meat fish and cereal...
EC AGREES TRADE DEAL WITH ARGENTINA
Intelogic Trace Inc said its board has authorized the repurchase of up to one mln of its 14.9 mln common shares in the open market. Reuter
INTELOGIC TRACE <IT> TO REPURCHASE SHARES
Best Products Co Inc said it plans to repurchase up to two mln shares of its common stock for employee benefit plans and general corporate purposes. A company spokesman said no further details are available on the repurchase plan. He said the company now has about 27 mln shares outstanding. Reuter
BEST PRODUCTS <BES> TO BUY TWO MLN OF ITS SHARES
Qtly div 50 cts vs 39 cts Pay Jan 20 Record Dec 31 Reuter
WELLS FARGO AND CO <WFC> RAISES QUARTERLY DIV
Shr loss five cts vs profit six cts Net loss 1.2 mln vs profit 1.4 mln Revs 114.9 mln vs 109.3 mln Nine months Shr profit one dlrs vs profit 84 cts Net profit 23.7 mln vs profit 19.9 mln Revs 430.9 mln vs 435.4 mln NOTE: Results are in pro forma form. Partnership became public on March 19 1987. Previous results reporte...
PETROLANE PARTNERS L.P. <LPG> 3RD QTR LOSS
The Pacific Stock Exchange said it has halted trading in the options of 30 stocks because of the conditions in the market in the underlying securities. The exchange normally handles trading in the options of about 117 stocks a spokeswoman said. Reuter
PACIFIC EXCHANGE HALTS TRADING ON SOME OPTIONS
Shr loss 1.31 dlrs vs loss 1.80 dlrs Net loss 31.2 mln vs loss 42.6 mln Revs 168.5 mln vs 147.3 mln Nine mths Shr loss 15 cts vs loss 4.32 dlrs Net profit 3.2 mln vs loss 101 mln REvs 446.1 mln vs 490.7 mln NOTE: All periods toher than 1987 3rd qtr are pro forma. NOTE: 1987 3rd qtr includes a 10.6 mln dlrs or 41 ct a s...
VALERO ENERGY CORP <VLO> 3RD QTR LOSS
Zweig Fund said as of the markets close on October 19 its asset value was 9.67 dlrs per share down from 10.29 dlrs before yesterdays large selloff but 13.7 pct ahead of asset value at the sart of 1987. Reuter
ZWEIG FUND <ZF> SAYS ASSET VALUE STILL HIGHER
To-Fitness Inc said its common and prefered stock comprising the units of the company will be traded separately commencing on Oct 21 1987. Reuter
TO-FITNESS <TFIT.O> SHARES TRADED SEPARATELY
CANADA 500 MLN DLRS OF 5-YEAR BONDS AVERAGE YIELD 10.34 PCT - OFFICIAL
British Aerospace Plc &lt;BAEL.L> has won a 150 mln stg contract to supply Switzerland with military equipment including 20 Hawk Mk 66 advanced jet trainers. The training and logistic package includes a &lt;Rediffusion Plc> Hawk flight simulator a BAe spokesman said. The first plane will be made in Britain and delivere...
BRITISH AEROSPACE WINS SWISS DEAL
U.N. Chief Javier Perez de Cuellar is proposing a simultaneous ceasefire and inquiry into who started the Iran-Iraq war under a revised peace plan an Arab newspaper reported on Tuesday. The United Arab Emirates daily al-Khaleej published what it said was the text of his nine-point peace plan. The Al-Khaleej text referr...
NEWSPAPER REPORTS REVISED UN PEACE PLAN DETAILS