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Thomson McKinnon Securities Inc said it is not having any financial difficulties following the 508 point decline in the New York Stock Exchange on Monday. The firm joined a long list of Wall Street securities companies that have been rumored to be in financial straits from losses caused in yesterdays selloff. Earlier t...
THOMSON MCKINNON NOT IN FINANCIAL TROUBLE
Confronted by new hostilities involving U.S. forces in the Gulf the U.S. Senate voted to end Republican stalling tactics and limit debate on a measure that could give Congress a larger role in Gulf policy. The measure however does not require President Reagan to comply with the 1973 War Powers Act as does a related Sen...
US SENATE CUTS OFF STALL TACTICS ON GULF BILL
PACIFIC STOCK EXCHANGE SAYS IT RESUMED TRADING ON 17 HALTED EQUITIES OPTIONS
Litton Industries Inc said its board authorized an increase in the maximum number of shares to be repurchased under its stock buyback program to 4.5 mln from 2.5 mln. The company said the board initially authorized the stock buyback in October 1985 and since then about two mln common shares have been repurchased. Reute...
LITTON <LIT> RAISES SHARE BUYBACK LIMIT
FGIC Corp said its board authorized the purchase at prevailing market prices of up to 30 mln dlrs of its common over the next 12 months. The company said Goldman Sachs and Co will be acting as the companys agent for the shares buy back. FGIC said it has about 23.7 mln shares of common currently listed and outstanding o...
FGIC <FGC> TO BUY UP TO 30 MLN DLRS OF STOCK
Shr 41 cts vs 39 cts Net 22.3 mln vs 20.4 mln Revs 631.1 mln vs 644.8 mln Avg shrs 51551000 vs 50128000 Nine months Shr 1.16 dlrs vs 1.13 dlrs Net 64.3 mln vs 59.6 mln Revs 1.90 billion vs 2.03 billion Avg shrs 50868000 vs 50028000 NOTE: All results reflect five-for-two common stock split payable in the form of a stock...
INGERSOLL-RAND CO <IR> 3RD QTR NET
The vice president of the New York Stock Exchange Richard Torenzano said NYSE officials would hold a news conference at 1620 EDT/2020 GMT at the New York Stock Exchange. Torenzano spoke as the market staged another blue chip rally in the final hour of trading. Reuter
NYSE TO HOLD NEWS CONFERENCE AFTER CLOSE
Shr 1.15 dlrs vs 1.22 dlrs Net 3301000 vs 3466000 Revs 21.2 mln vs 20.8 mln Nine Mths Shr 2.38 dlrs vs 2.58 dlrs Net 6873000 vs 7397000 Revs 51.6 mln vs 50.3 mln Reuter
SJW CORP <SJW> 3RD QTR NET
Finance Minister Gerhard Stoltenberg said he was surprised by recent criticism of West German economic policies voiced by U.S. Treasury Secretary James Baker but added that the criticism was not purely one-sided. Stoltenberg told the West German Trade and Industry Association (DIHT) that before a meeting with Baker on ...
STOLTENBERG SAYS CRITICISM NOT "ONE-WAY STREET"
U.S. military planners ruled out Irans Silkworm missiles as a target in the retaliatory attack mounted on Monday for fear of being drawn more deeply into the Iran-Iraq war defense and Middle East experts said. U.S. naval forces destroyed an offshore oil platform and raided another in what the administration called a me...
US RULED OUT ATTACK ON IRANIAN SILKWORMS
ALLIED BANCSHARES INC 3RD QTR NET LOSS 104.2 MLN VS LOSS 46.4 MLN
Shr loss two cts vs loss 41 cts Net profit 4134000 vs loss 3682000 Revs 22.8 mln vs 23.5 mln Nine mths Shr profit 44 cts vs loss 1.99 dlrs Net profit 25.6 mln vs loss 26.8 mln Revs 73.4 mln vs 86.7 mln NOTE: 1987 qtr and nine mths includes gain 1374000 dlrs or five cts per share and 10.2 mln dlrs or 41 cts per share re...
ADOBE RESOURCES CORP <ADB> 3RD QTR NET
Electrical engineering group AEG AG &lt;AEGG.F> in which Daimler-Benz AG &lt;DAIG.F> has a majority is reorganizing its energy business AEG said in a statement. AEG will invest 250 mln marks over the next three years in a new turbines electrical machinery and power station plant division which will include its &lt;AEG ...
AEG TO REORGANIZE ENERGY BUSINESS
U.K. Chancellor of the Exchequer Nigel Lawson said there is more confidence in British financial institutions than in U.S. Equivalents so there is no need for an official statement that the Bank of England will provide liquidity to the U.K. Financial system. Our institutions are in a stronger position I think and the s...
NO NEED TO STATE U.K. SUPPORT FOR SYSTEM-LAWSON
U.S. EXPORTERS REPORT 125,000 TONNES OF CORN SOLD TO USSR FOR 1987/88
Alaska Air Group Inc said its board authorized management to repurchase up to 320000 common shares in the open market from time to time. The company said its current stock price does not reflect its full value. Reuter
ALASKA AIR <ALK> TO BUY BACK STOCK
Oper shr 1.22 dlrs vs 88 cts Oper net 13.5 mln vs 11.7 mln Revs 139.1 mln vs 160.5 mln Nine mths Oper shr 2.00 dlrs vs 1.15 dlrs Oper net 22.8 mln vs 15.4 mln Revs 348.8 mln vs 385.9 mln NOTE: 1987 3rd qtr and nine mths oper net excludes gains from tax loss carryforwards of 3067000 dlrs and 8548000 dlrs respectively. 1...
KENNER PARKER TOYS INC <KPT> 3RD QTR OPER
Shr 50 cts vs 47 cts Net 2646000 vs 2611000 Sale 41.4 mln vs 38.7 mln Nine mths Shr 1.13 dlrs vs 1.04 dlrs Net 6038000 vs 5545000 Sales 117.2 mln vs 108.4 mln Reuter
TENNANT CO <TANT.O> 3RD QTR NET
Welbilt Corp said it acquired &lt;Food Handling Systems Inc> of Dallas a producer of commercial ovens conveyers and proofer systems. Terms of the transaction were not disclosed. Food Handling which also produces equipment for the commercial baking industry was privately owned by Richard Shumway of Mesa Ariz. and Vic Fe...
WELBILT <WELB.O> ACQUIRES FOOD HANDLING SYSTEMS
The Pacific Stock Exchange said it has resumed trading on 17 of the equities options that were halted earlier because of conditions in the underlying securities. At 1044 pdt the exchange announced it had halted trading on 30 such options. The exchange did not indicate when it might resume trading on the remaining optio...
PACIFIC STOCK EXCHANGE RESUMES SOME OPTIONS
UNITED TECHNOLOGIES SAYS IT AUTHORIZES BUYBACK OF SIX MLN COMMON SHARES
Best Products Co Inc said planned to repurchase up to two mln shares of its common for employee benefit plans and general corporate purposes. Best has about 27.1 mln shares outstanding. Reuter
BEST <BES> TO BUY BACK TWO MLN SHARES
Private exporters reported sales of 125000 tonnes of U.S. corn to the Soviet Union for delivery during the 1987/88 season and under the fifth year of the Long Term Grain Supply Agreement. The department noted the sales are the first reported for delivery during the fifth year of the Agreement which began October 1 1987...
USDA REPORTS CORN SOLD TO USSR
Period ended August 31. Shr loss 52 cts vs profit 16 cts Net loss 4987000 vs profit 1570000 Revs 18.0 mln vs 24.7 mln Six Mths Shr loss 2.14 dlrs vs loss seven cts Net loss 20525000 vs loss 557000 Revs 25.6 mln vs 30.8 mln Note: Full name De Laurentiis Entertainment Group Inc. Reuter
DE LAURENTIIS ENTERTAINMENT <DEG> 2ND QTR LOSS
The Fur Vault Inc said it will repurchase up to 3000000 shares of its common stock. The company has 13222873 shares ot common stock issued and outstanding. Reuter
FUR VAULT <FRV> TO BUY BACK THREE MLN SHARES
Shr 27 cts vs 17 cts Net 5584000 vs 4276000 Revs 97.7 mln vs 83.9 mln Nine mths Shr 84 cts vs 39 cts Net 17.7 mln vs 9848000 Revs 290.8 mln vs 241.8 mln Avg shrs 21.1 mln vs 25.1 mln Reuter
ALBANY INTERNATIONAL CORP <AAICA.O> 3RD QTR NET
Spanish farm minister Carlos Romero speaking at a meeting of EC farm ministers called for action to help the Spanish maize market Spanish diplomatic sources said. Spain is threatened with massive imports from third countries by the end of the year they said. They said the imports are due to come in as a result of the a...
SPAIN APPEALS FOR EC HELP ON MAIZE IMPORTS
Shr 40 cts vs eight cts Net 2292000 vs 465000 Revs 81.9 mln vs 78.9 mln Nine mths Shr 1.20 dlrs vs 1.01 dlrs Net 6842000 vs 5755000 Revs 244.7 mln vs 234.2 mln NOTE: 1986 qtr and nine mths includes loss 2223000 dlrs or 39 cts per share from unspecified extraordinary item. Reuter
AMERICAN BUSINESS PRODUCTS INC <ABP> 3RD QTR
Shr loss 2.51 dlrs vs loss 1.12 dlrs Net loss 104.2 mln vs loss 46.4 mln Nine mths Shr loss 5.80 dlrs vs loss 52 cts Net loss 240.9 mln vs loss 21.7 mln NOTE: 1987 qtr and nine mths includes loss 123.6 mln dlrs and 286.0 mln dlrs respectively for loan-loss allowance provision. 1987 qtr includes gain 9.4 mln dlrs from t...
ALLIED BANCSHARES INC <ALBN.O> 3RD QTR LOSS
Shr 39 cts vs 27 cts Net 1713000 vs 1207000 Nine Mths Shr 1.13 dlrs vs 70 cts Net 4935000 vs 4352000 Loans 843.2 mln vs 937.2 mln Deposits 954.1 mln vs 1.043 billion Assets 1.09 billion vs 1.19 billion Reuter
CENTRAL BANKING SYSTEM INC <CSYS.O> 3RD QTR NET
Outer Continental Shelf oil and gas lease sale number 97 in the Beaufort Sea tentatively schedualed for January 1988 has been postponed the U.S. Department of Interior said. Alan Powers chief of the Minerals Maanagement Service for the department said the delay is to have more time to study the effects of drilling nois...
OUTER CONTINENTAL SHELF SALE POSTPONED
Shr 44 cts vs 33 cts Net 1026000 vs 769000 Nine mths Shr 1.30 dlrs vs 1.06 dlrs Net 3035000 vs 2472000 Reuter
SEACOAST BANKING CORP OF FLORIDA <SBCF.O> 3RD
Shr profit 47 cts vs loss 38 cts Net profit 4767000 vs loss 2623000 Revs 23.7 mln vs 3629000 Avg shrs 11242166 vs 6895290 Nine Mths Shr profit 89 cts vs loss 49 cts Net profit 7726000 vs loss 3350000 Revs 38.8 mln vs 7172000 Avg shrs 9410497 vs 6895290 Reuter
COEUR D'ALENE MINES CORP <COUR.O> 3RD QTR NET
President Reagan cancelled a reception for Republican presidential candidates on Tuesday in an apparent effort to make room in his schedule for a meeting on stock market developments. The postponement is being made to accomodate the presidents schedule today. The president continues to follow developments in the stock ...
REAGAN SCRUBS RECEPTION TO KEEP EYE ON MARKET
Shr profit two cts vs nil Net profit 403000 vs loss 51000 Revs 9609000 vs 4495000 Nine mths Shr loss one ct vs loss four cts Net loss 171000 vs loss 799000 Revs 17.6 mln vs 13.3 mln NOTE: Full name is Strathcona Resource Industries Ltd. Reuter
STRATHCONA RESOURCE <SRH.TO> 3RD QTR AUG 31 NET
Shr 13 cts vs 12 cts Net 470000 vs 311000 Revs 15.8 mln vs 8176000 Avg shrs 3723000 vs 2512000 Nine mths Shr 36 cts vs 43 cts Net 1138000 vs 993000 Revs 40.5 mln vs 21.9 mln Avg shrs 3199000 vs 2283000 NOTE: 1986 includes extraordinary credit of 160000 or six cts per shr in qtr 1986 and 511000 or 22 cts per shr in nine...
CORPORATE SOFTWARE INC <CSOF.O> 3RD QTR NET
Shr nine cts vs 12 cts Net 336000 vs 433000 Revs 4369000 vs 3671000 Nine Mths Shr seven cts vs 33 cts Net 249000 vs 1112000 Revs 12.0 mln vs 10.2 mln Reuter
TEKELEC <TKLC.O> 3RD QTR NET
Shr 17 cts vs seven cts Net 16600009 vs 653000 Revs 21.0 mln vs 20.6 mln Nine mths Shr 34 cts vs 12 cts Net 3320000 vs 1109000 Revs 60.1 mln vs 57.4 mln NOTE: Net includes loss from discontinued operations of 198000 or two cts per shr in qtr 1986 and 1425000 or 15 cts per shr in nine mths 1986. Reuter
SUSQUEHANNA CORP <SQN> 3RD QTR NET
ADVO-System Inc said about 225000 of its warrants have been purchased at a cost of about 2.3 mln dlrs. It said part of the cost of this private transaction will be borne by &lt;Telemundo Group Inc> successor to ADVO-Systems former parent &lt;John Blair and Co>. ADVO-system said the purchase of the warrants reduces its ...
ADVO-SYSTEM <ADVO.O> BUYS ITS WARRANTS
The state-run Ecuadorean State Oil Corporation (CEPE) has named Jaime Sanchez Valdivieso as its new general manager replacing Carlos Romo Leroux a CEPE spokesman said. The spokesman told Reuters Sanchez is a 46-year-old civil engineer who formerly headed CEPEs administration and finances division. Romo Leroux resigned ...
ECUADOR'S CEPE NAMES NEW HEAD
United Technologies Corp said its board authorized management at its discretion to buy up to six mln shares of the companys common stock in the open market. We are taking this action because the price of the stock represents an excellent buying opportunity the company said in a statement. The military commercial and in...
UNITED TECH <UTX> SETS COMMON SHARE BUYBACK
NL INDUSTRIES INC 3RD QTR NET PROFIT 18.2 MLN VS LOSS 23.9 MLN
Union Camp Corp said its board approved repurchases of up to two mln shares of its common in the market or in privately negotiated transactions. Union Camp said that no borrowings will be required to make the purchases and there is no plan to reissue the common stock purchased. Union Camp has about 73.7 mln shares outs...
UNION CAMP <UCC> TO BUY BACK SHARES
Brooklyn Union Gas Co said it has contracted to purchase up to 60 mln cubic feet of natural gas per day from Shell Oil Co a Royal Dutch/Shell Group &lt;RD> &lt;SC> subsidiary. Brooklyn Union said the long-term contract will cover about 15 pct of its total supplies. A spokesman said Shell and the utility agreed to not d...
BROOKLYN UNION <BU> TO BUY GAS FROM SHELL OIL
The American Stock Exchange said as previously reported that Bear Stearns and Co &lt;BSC> has purchased &lt;W. Damm M. Frank and Co> a specialist unit on the Amex trading floor. Amex said the unit which trades stocks and options is small in comparison to other specialist units. The personel and operations remain the sa...
AMEX SAYS BEAR STEARNS BOUGHT SPECIALIST UNIT
Shr 4.41 dlrs vs seven cts Qtly div 10 cts vs 10 cts in prior qtr Net 2955000 vs 75000 Sales 72.7 mln vs 70.0 mln NOTE: Net includes pre-tax gain of 78130000 dlrs from termination of retirement plan for salaried employees and 875000 dlrs charge for reorganization costs Dividend payable November 17 to holders of record ...
DINNER BELL FOODS INC <DINB.O> 1ST QTR SEPT 26
Shr loss five cts vs profit six cts Net loss 1200000 vs profit 1400000 Nine mths Shr profit 1.00 dlrs vs profit 84 cts Net profit 23.7 mln vs profit 19.9 mln NOTE: Year ago results are pro forma since the company was created in March by the transfer to a master limited partnership of all domestic assets of Petrolane In...
PETROLANE PARTNERS L.P. <LPG> 3RD QTR LOSS
Shr loss 24 cts vs loss four cts Net loss 874986 vs loss 56182 Revs 402855 vs not available NOTE: The company made its initial offering in March 1987 and before then had been a development stage company so no sales were posted in 1986. Reuter
EASTEK CORP <ESTK.O> 1ST QTR SEPT 30 LOSS
Shr 26 cts vs 36 cts Net 6400000 vs 8700000 Revs 25.3 mln vs 28.2 mln Nine mths Shr 1.04 dlrs vs 1.20 dlrs Net 25.3 mln vs 29.1 mln Revs 84.6 mln vs 91.8 mln NOTE: Companys full name is American Capital Management and Research Inc. Reuter
AMERICAN CAPITAL MANAGEMENT <ACA> 3RD QTR NET
Oct 3 end Shr 40 cts vs 35 cts Net 3149000 vs 2433000 Revs 225.4 mln vs 225.9 mln Avg shrs 7800000 vs 7157143 Nine months Shr 91 cts vs 63 cts Net 7114000 vs 4540000 Revs 747 mln vs 728.2 mln Avg shrs 7800000 vs 6767143 Reuter
P AND C FOODS INC <FOOD.O> 3RD QTR NET
Period ended September 30 Shr profit one ct vs loss three cts Net profit 65000 vs 292000 Sales 18.1 mln vs 16.7 mln Reuter
REGENCY ELECTRONICS INC <RGCY.O> 1ST QTR NET
AMERICAN EXPRESS SAYS IT IS CONFIDENT OF ITS OPERATIONS
ALCAN ALUMINIUM LIMITED 3RD QTR NET 122 MLN U.S. DLRS VS 62 MLN U.S. DLRS
QUAKER OATS CO 1ST QTR SHR 52 CTS VS 42 CTS
General Mills Inc said it is naming a new top management team to its Eddie Bauer specialty retailing subsidiary effective November Two. It said Wayne Bandovinus will join the specialty retailer of mens and womens sportswear and accessories as chairman assuming overall leadership. General Mills said Michael Luce current...
GENERAL MILLS <GIS> REALIGNS EDDIE BAUER
Sen. John Heinz R-Pa urged the Administration to take steps to reduce volatility in the financial markets including suspending program trading and limiting daily trading on stock index futures. Heinz said margin requirements for index futures now six pct should be the same as for common stock and equities. He urged cre...
SENATOR URGES ACTION TO STABILIZE STOCK MARKETS
Dinner Bell Foods Inc said the talks concerning a proposed leveraged buy-out of the company have been terminated. A spokesman said the group led by Joseph F. Grimes II a director of the company and B. Rober Kill has withdrawn their proposal to acquire the companys stock for 23.50 dlrs a share. The company also said its...
DINNER BELL <DINB.O> LEVERAGE BUY OUT DROPPED
Shr 52 cts vs 42 cts Net 41.1 mln vs 33.2 mln Sales 1.27 billion vs 960.3 mln Avg shrs 79800000 vs 78200000 Reuter
QUAKER OATS CO <OAT> 1ST QTR SEPT 30 NET
The French government plans to cancel part of Renaults debt as part of a strategy of returning the state car group to financial independence but will not provide it with more subsidies industry ministry sources said. The plan which has been under study for several weeks is linked to legislation enabling Regie Nationale...
RENAULT TO HAVE SOME DEBT CANCELLED BY FRANCE
Ecuador posted a trade deficit of 71.3 mln dlrs in the first eight months of 1987 compared with a surplus of 468.6 mln dlrs in the same period of 1986 central bank figures show. Ecuador suspended oil exports which made up 55 pct of the value of its total exports in 1986 for five months this year after an earthquake in ...
ECUADOR POSTS 71.3 MLN DLR 8-MTH TRADE DEFICIT
James Robinson III chairman of American Express Co in a letter Tuesday to employees said he was confident about his companys ability to endure the volatility of the market. Financial markets around the world are experiencing unprecedented volatility. No one can predict the future. We are confident that our company give...
AMERICAN EXPRESS <AXP> REAFFIRMS IT OPERATIONS
BURLINGTON NORTHERN INC TO BUY BACK FIVE MLN SHARES OR SEVEN PCT OF COMMON
Shr profit two cts vs loss 58 cts Net profit 18.2 mln vs loss 23.9 mln Revs 355.6 mln vs 308.2 mln Nine mths Shr loss 81 cts vs loss 5.52 dlrs Net profit 10.7 mln vs loss 290.3 mln Revs 1.01 billion vs 983.3 mln NOTE: Net income per share is after deductions for mandatory preferred stock dividends and income from the c...
NL INDUSTRIES INC <NL> 3RD QTR NET
National Healthcare Inc said Stephen L. Phelps resigned as chairman of the board of directors effective October 19 to pursue other business interests. In addition Joseph D. Bohr Jr. Anders K. Brag and Robert E. Johnstone have resigned as directors the company said. National Healthcare said James T. McAfee Jr. president...
NATIONAL HEALTHCARE <NHCI.O> CHAIRMAN RESIGNS
U.S. SELLING 12.8 BILLION DLRS OF 3 AND 6-MO BILLS OCTOBER 26 TO PAY DOWN 425 MLN DLRS
DOW 30 INDEX UP ABOUT 129 BUT STOCKS CLOSE MOSTLY LOWER
Quaker Oats Co said it will resume a share repurchase program initially authorized in September 1985. At the time a one mln share buyback was approved. Quaker Oats said it bought back about 78 pct of the shares when the program was suspended with 450000 shares remaining to be purchased. As of the Sept 30 first quarter ...
QUAKER OATS <OAT> TO RESUME BUYBACK PROGRAM
International Game Technology said it will report a profit of between 900000 dlrs and one mln dlrs or 17 cents to 19 cents a share for the fourth quarter ended Sept. 30. Subject to a final audit the company said it would post quarterly revenues of 21 mln dlrs to 23 mln dlrs. For the year International Game said it woul...
INTERNATIONAL GAME <IGAM.O> EXPECTS PROFIT
Moodys Investors Service Inc said it may downgrade 350 mln dlrs of debt of United Artists Communications Inc and of United Cable Television Corp &lt;UCT>. Under review are both firms B-2 convertible subordinated debentures and United Cables B-2 convertible subordinated eurodebentures and subordinated debentures. Moodys...
MOODY'S MAY DOWNGRADE UNITED ARTISTS <UACI.O>
AMOCO RAISES MOST CRUDE POSTINGS 50 CTS TODAY, WTI TO 19.00 DLRS
&lt;Johnson Geneva U.S.A.> said it has agreed to buy Pan Am Corps 50 pct holding in their joint venture company Pan Am Pacific Satellite Corp for undisclosed terms. Johnson Geneva said Pan Am divested owership in the project as part of a corporate restructuring plan but will continue to provide engineering services on ...
PAN AM <PN> SETS PACIFIC SATELLITE STAKE SALE
Burlington Northern Inc said it plans to repurchase up to five mln shares or about seven pct of its common stock. The company joining a number of others buying back their shares in the wake of yesterdays maket decline said it will make the purchases from time to time based on market conditions. Burlington said its oper...
BURLINGTON NORTHERN <BNI> TO REPURCHASE STOCK
Shr 24 cts vs 13 cts Net 1506000 vs 824000 Sales 9045000 vs 7845000 Reuter
IFR SYSTEMS INC <IFRS.O> 1ST QTR SEPT 30 NET
SCHERING-PLOUGH CORP 3RD QTR SHR 63 CTS VS 50 CTS
Qtly div 53 cts vs 53 cts prior Pay December 31 Record November 20 Reuter
SOUTHERN INDIANA GAS AND ELECTRIC <SIG> PAYOUT
Telex Corp said its board adopted a shareholder rights plan which will allow shareholders to purchase one common share for two dlrs if a hostile group acquires 15 pct or more of the company. However the company said the plan will not be triggered by purchases pursuant to the 65 dlrs a share tender offer commenced on Oc...
TELEX <TC> ADOPTS SHAREHOLDER RIGHTS PLAN
Sphinx Mining Inc said leased mining claims in Alaska could produce revenues between 322 mln dlrs and 966 mln dlrs from gold reserves. The range of the value of the reserves is attributed to the wide range of grade estimates of the ore the company said. A 1984 feasibility study put the grade at 0.008 ounces per cubic y...
SPHINX MINING <SPNXF.O> FINDS GOLD
Qtrly div 20 cts vs 20 cts prior Pay Nov 27 Record Nov Six Reuter
TEXAS INDUSTRIES INC <TXI> SETS PAYOUT
Qtly div 45 cts vs 45 cts prior qtr Pay Nov 30 Record Nov 3 Reuter
CENTERRE BANCORP <CTBC.O> SETS QTLY PAYOUT
The Bell division of Textron Inc &lt;TXT> and the Boeing Co &lt;BA> have received a 102.0 mln dlr joint contract to continue full scale development of the V-22 Osprey vertical-lift aircraft the Navy said. reuter
TEXTRON, BOEING GET 102.0 MLN DLR CONTRACT
Unofficial volume figures from the New York Stock Exchange show Tuesdays turnover was nearly identical to the 603 mln shares traded on Monday. Unofficial figures from the Exchange floor showed the Dow Jones Industrial Average up almost 115 points to 1854. New York Stock Exchange chairman John Phelan and vice chairman D...
NYSE VOLUME APPEARS CLOSE TO MONDAY'S RECORD
The European Airbus consortium is ready to cooperate with U.S. Aerospace group McDonnell Douglas Corp on future aircraft programs pointing the way to a defusion of the transatlantic dispute on subsidies to the aircraft industry French Transport Ministry Jacques Douffiagues said. He told the southern French daily Depech...
AIRBUS SAID READY TO COOPERATE WITH MCDONNELL <MD>
American Express Cos &lt;AXP> president Louis Gerstner Jr. said a bear market will not effect his companys long-term strategy. I dont think where the market goes over any month long period two day period or even six month period has anything to do with our strategy Gerstner told Reuters. We have built a strategy for ou...
AMERICAN EXPRESS SAYS ITS STRATEGY IS STABLE
Shr 72 cts vs 36 cts Net 122 mln vs 62 mln Revs 1.73 billion vs 1.49 billion Avg shrs 157.7 mln vs 149.8 mln Nine mths Shr 1.71 dlrs vs 1.28 dlrs Net 297 mln vs 216 mln Revs 4.98 billion vs 4.55 billion NOTE: Net for current qtr included non-operating costs of 12 mln vs income of 10 mln in qtr 1986. Net in nine mths in...
ALCAN ALUMINIUM LTD <AL.TO> 3RD QTR NET
Mentor Corp said its board of directors has authorized a plan to repurchase up to two mln shares of its common stock subject to market conditions and the companys own financial position. Reuter
MENTOR CORP (MNTR.O) TO REPURCHASE SHARES
Sept 30 end Shr profit 15 cts vs loss six cts Net profit 901000 vs loss 368000 Assets 1.15 billion vs 773.8 mln Reuter
JOHN HANSON SAVINGS <JHSL.O> 1ST QTR NET
Amoco Corp said it raised the contract price it will pay for most grades of crude oil by 50 cts a barrel effective today. The company said the increase brings its posting for West Texas Intermediate to 19.00 dlrs a barrel. West Texas Sour at 34 degrees API was raised to 18.10 dlrs. The Light Louisiana Sweet grade was a...
AMOCO <AN> RAISES CRUDE PRICES
Olin Corp said construction was completed on a 150 mln dlrs chlor/alkali plant it owns jointly with EI du Pont de Nemours Co. The company said the plant which is located in Niagara Falls New York will begin operations in December. The plant which has a 660-ton per day capacity will be operated by du Pont the company sa...
OLIN <OLN>, DU PONT <DD> COMPLETE PLANT
Periods end Sept 26 Shr 31 cts vs 24 cts Net 5449000 vs 4083000 Sales 60.3 mln vs 51.9 mln 39 weeks Shr 47 cts vs 30 cts Net 8249000 vs 5147000 Sales 145.0 mln vs 108.3 mln Reuter
MINNETONKA CORP <MINL.O> 3RD QTR NET
Shr Class A loss three cts vs profit 12 cts Shr Class B loss seven cts vs profit eight cts Net loss 94862 vs profit 264607 Sales 653246 vs 1300515 Nine mths Shr Class A profit five cts vs profit 44 cts Shr Class B loss three cts vs profit 36 cts Net profit 64248 vs profit 975329 Sales 2291925 vs 4235914 NOTE: Full name...
ELECTRONIC TELE-COMMUNICATIONS 3RD QTR LOSS
General Host Corp said its board authorized the repurchase of up to one mln additional shares of its common. It said previous buy back authorizations of 6.5 mln shares were approved in January 1875 and September 1987. To date the company said it has repurchased about six mln shares under those authorizations in open ma...
GENERAL HOST <GH> TO BUY BACK SHARES
Senior officers at major Wall Street firms said theyve been suffering heavy trading losses during the markets decline but stressed their firms are liquid enough to withstand the battering. We certainly lost money in our trading departments yesterday and today and in effect gave back a small part of the years profits sa...
STREET FIRMS TAKE LOSSES, BUT REAFFIRM STRENGTH
Shr 63 cts vs 50 cts Net 73.8 mln vs 62.3 mln Sales 664.2 mln vs 600.6 mln Nine mths Shr 2.06 dlrs vs 1.67 dlrs Net 241.2 mln vs 205.9 mln Sales 2.04 billion vs 1.80 billion Avg shrs 117.1 mln vs 123.4 mln Reuter
SCHERING-PLOUGH CORP <SDG> 3RD QTR NET
SCHERING-PLOUGH MANAGEMENT TO RECOMMEND HIGHER PAYOUT, STOCK REPURCHASES SET
Syntech International Inc said it initiated a suit in Nevada District Court against Southland Corp &lt;SM> for alleged breach of contract. Syntech said its complaint alleges that Southland failed to make payments in connection with the purchase of 208 Syntech ticketing terminals. The company said some 3.8 mln dlrs is p...
SYNTECH INTERNATIONAL <SYNE.O> SUES SOUTHLAND
CHASE MANHATTAN SAID IT BOUGHT ATLANTIC FINANCIAL FEDERAL PORTFOLIO FOR 370 MLN DLRS
Saudi Arabian Crown Prince Abdullah bin Abdul Aziz was thanked by the Reagan administration for his countrys close and closed-mouthed cooperation with Washington in the Gulf a senior U.S. official said. The Saudis are being very cooperative. It would be nice if the Saudis would go more public but its their real estate ...
SAUDI ROLE IN GULF PRAISED BY U.S. OFFICIALS
Rohr Industries (RHR) said it will repurchase up to 500000 of its shares for distribution through its employee-benefit plans and for other corporate purposes. Reuter
ROHR INDUSTRIES TO REPURCHASE STOCK
Texaco Inc said it raised the contract price it will pay for most grades of crude oil by 50 cts a barrel effective October 16. The company said the increase brings its posting for the U.S. benchmark grade West Texas Intermediate to 19.00 dlrs a barrel. The West Texas Sour and Light Louisiana Sweet grades were also rais...
TEXACO <TX> UNIT RAISES CRUDE OIL PRICES
REAGAN MEETING WITH ECONOMIC ADVISERS ON MARKET SITUATION, WHITE HOUSE SAYS