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Jaguar Plc <JAGR.L> is about to sell its new XJ-6 model on the U.S. And Japanese markets and expects a strong reception based on its success in the U.K. Chairman Sir John Egan told a news conference. Commenting on an 11 pct growth in 1986 group turnover to 830.4 mln stg and pre-tax profits at 120.8 mln stg slightly ... | JAGUAR SEES STRONG GROWTH IN NEW MODEL SALES |
OCCIDENTAL PETROLEUM COMMON STOCK OFFERING RAISED TO 36 MLN SHARES | |
The Commodity Credit Corporation CCC has accepted bids for export bonuses to cover sales of 25000 tonnes of wheat flour to Iraq the U.S. Agriculture Department said. The department said the bonuses awarded averaged 116.84 dlrs per tonne. The shipment periods are March 15-April 20 (12500 tonnes) and April 1-May 5 (12500... | CCC ACCEPTS BONUS BID ON WHEAT FLOUR TO IRAQ |
DIAMOND SHAMROCK RAISES CRUDE POSTED PRICES ONE DLR, EFFECTIVE MARCH 4, WTI NOW 17.00 DLRS/BBL | |
Shr 19 cts vs 13 cts Net 2656000 vs 1712000 Revs 15.4 mln vs 9443000 Avg shrs 14.1 mln vs 12.6 mln Year Shr 98 cts vs 77 cts Net 13.8 mln vs 8928000 Revs 58.8 mln vs 48.5 mln Avg shrs 14.0 mln vs 11.6 mln NOTE: Shr figures adjusted for 3-for-2 split paid Feb 6 1987. Reuter | NORD RESOURCES CORP <NRD> 4TH QTR NET |
The earthquake which hit northern Chile today registering 7.0 on the open-ended Richter scale caused no damage to the copper mine at Chuquicamata a mine spokesman said. Chuquicamata public relations director Guillermo Barcelo told Reuters by telephone from the mine that the quake had caused no problems and operations c... | NO QUAKE DAMAGE AT CHUQUICAMATA - MINE SPOKESMAN |
<Orbit Oil and Gas Ltd> said the value of its oil and gas reserves increased by 19 pct to 52.6 mln dlrs from 44.2 mln dlrs reported at year-end 1985 according to an independent appraisal. Orbit said it has reserves of 2.4 mln barrels of oil and natural gas liquids and 67.2 billion cubic feet of natural gas. In addit... | ORBIT INCREASES OIL AND GAS RESERVE VALUES |
The Commodity Credit Corporation CCC has accepted a bid for an export bonus to cover a sale of 2000 tonnes of semolina to Egypt the U.S. Agriculture Department said. The department said the bonus was 233.91 dlrs per tonne and was made to International Multifoods Corp. The bonus will be paid in the form of commodities f... | CCC ACCEPTS BONUS BID ON SEMOLINA TO EGYPT |
Frances state-owned Cie Generale dElectricite (CGE) is likely to be privatised during May this year sources close to Finance Minister Edouard Balladur said. Although the Finance Ministry simply said that the group would be privatised during the course of this year when it first announced the operation in early January ... | FRENCH CGE GROUP LIKELY TO BE PRIVATISED IN MAY |
Five consortia have applied to buy the French state-owned telephone equipment manufacturer <Cie Generale de Constructions Telephoniques (CGCT)> which will give the owners control of 16 pct of the French telephone switching market sources close to Finance Minister Edouard Balladur said. The French government has give... | FIVE GROUPS APPLY TO BUY FRENCH TELEPHONE GROUP |
House Speaker Jim Wright is lobbying congressmen to support a plan to cut the 1988 budget deficit about 40 billion dlrs half through spending cuts and the remainder through tax hikes congressional sources said. He is backing a half and half plan and has made the suggestion to Democrats on the House Budget Committee pri... | SPEAKER SEEKING SUPPORT FOR U.S. TAX INCREASES |
Blizzard conditions halted shipping through the Bosphorus waterway and piled snow up to 70 cms deep in central Istanbul paralysing the city for the second day running. Snow whipped by 48 kph winds continued to fall on Istanbul and northwest Anatolia after 36 hours and weather reports predicted no relief for another two... | BLIZZARD CLOSES BOSPHORUS |
The <Sterling Grace Capital Management L.P.> group said it is confident financing can be arranged if The Japan Funds board recommends the groups acquisition proposal. The group which also includes <Anglo American Security Fund L.P.> and T.B. Pickens III Tuesday proposed an entity it controls acquire for cash all ... | JAPAN FUND <JPN> SEEKERS CONFIDENT OF FINANCING |
K MART CORP FEBRUARY SALES UP 13.1 PCT ON COMPARABLE STORE BASIS | |
State-run Tanzania Railway Corporation (TRC) has secured 25.6 mln dlrs aid from banks and European countries for a one-year emergency repair program Transport Minister Mustafa Nyanganyi said. Nyanganyi told Reuters on his return from a World Bank sponsored donors conference in New York that the aid would enable TRC to ... | TANZANIAN RAILWAYS SECURE 25.6 MLN DLRS AID |
Shr profit 20 cts vs loss two cts Net profit 2665000 vs loss 202000 Revs 12141000 vs 5993000 Nine mths Shr profit 35 cts vs loss 11 cts Net profit 4653000 vs loss 1167000 Revs 35.1 mln vs 18.0 mln Reuter | PEGASUS GOLD INC <PGULF> 3RD QTR DEC 31 NET |
Stop and Shop Cos Inc said sales for the four weeks ended February 28 for its Bradlees Discount Department Stores Division were up six pct to 104 mln dlrs from 98 mln dlrs a year before with same-store sales up three pct. The company said the modest comparable store sales increase was due to a combination of difficult ... | STOP AND SHOP'S <SHP> BRADLEES FEBRUARY SALES UP |
General Motors Corp said it ordered temporary layoffs of 5500 hourly workers to cut production and thereby reduce inventories of cars built at two plants later this month. A spokesman said 2000 workers would be laid off one week beginning March 9 at GMs Detroit-Hamtramck luxury car plant. Another 3500 will be laid off ... | GM LAYING OFF 5,500 AT TWO MICHIGAN PLANTS |
Mitsubishi Motor Sales of America Inc said sales of all vehicles rose 43.7 pct in February to 9735 units from 6776 in February 1986. Sales of passenger cars and wagons grew 11.7 pct to 5314 from 4758 and truck and van sales more than doubled to 4421 from 2018 the affiliate of Mitsubishi Motors Corp said. Year-to-date t... | MITSUBISHI MOTOR/AMERICA FEBRUARY SALES RISE |
Shr 99 cts vs 1.25 dlrs Net 418733 vs 235572 Revs 2777425 vs 2024116 Note: 1986 shr after November 1986 600000 class A subordinate floating share issue Reuter | <KELTIC INC> YEAR NET |
Supermarkets General Corp reported sales of 424.8 mln dlrs for the four-week period ended Feb 28 1987 A 7.2 pct increase over sales of 396.4 mln dlrs for the comparable period last year. Reuter | SUPERMARKETS GENERAL <SGC> FEBRUARY SALES RISE |
The Bank of England said it had given the money market 206 mln stg of assistance this afternoon and offered the discount houses borrowing facilities to take out the rest of the 1.10 billion stg shortage revised down from an initial 1.15 billion estimate. It made no alteration to its established dealing rates buying 95 ... | U.K. MONEY MARKET GIVEN HELP, OFFERED FACILITIES |
Supermarkets General Corp reported sales of 424.8 mln dlrs for the four-week period ended Feb 28 1987 A 7.2 pct increase over sales of 396.4 mln dlrs for the comparable period last year. Reuter | SUPERMARKETS GENERAL <SGC> FEBRUARY SALES RISE |
E.F. Hutton Group Inc said it has started its previously announced offer to purchase up to 6332471 common shares of Purolator Courier Corp at 35 dlrs each. In a newspaper advertisement the company said the offer proration period and withdrfawal rights will expire April One unless extended. The offer is conditioned on r... | E.F. HUTTON <EFH> STARTS PUROLATOR <PCC> BID |
Responsibility for the appreciation of the Taiwan dollar and the South Korean Won lies soley with those countries said U.S. trade representative Clayton Yeutter Speaking to the Asia Society Yeutter said that it is in those countries own long-term interest to raise the value of their currencies against the dollar. Yeutt... | YEUTTER PUTS CURRENCY BURDEN ON TAIWAN, KOREA |
Shr diluted loss 31 cts vs profit 17 cts Net loss 2806005 vs profit 1513395 Revs 15.0 mln vs 10.4 mln Avg shrs diluted 8982754 vs 8804899 NOTE: Current year includes loss of 3.4 mln dlrs from takeover defense expenses. Also includes losses of 1.8 mln dlrs vs 332000 dlrs from equity in limited partnerships. Reuter | PRINCEVILLE DEVELOPMENT CORP <PVDC> YEAR LOSS |
Orange-Co Inc said its largest shareholder <Summit Resoureces Inc> has increased its stake to 15 pct from 14 pct and now owns 644727 shares. Reuter | ORANGE-CO <OJ> HOLDER RAISES STAKE |
Oper shr profit 1.66 dlrs vs loss eight cts Oper net profit 12.0 mln vs loss 572000 Revs 27.4 mln vs 4311000 Year Oper shr profit 1.36 dlrs vs loss 43 cts Oper net profit 9817000 vs loss 2433000 Revs 35.0 mln vs 13.8 mln Avg shrs 7224000 vs 6731000 NOTE: 1985 net includes tax credits of 492000 dlrs in quarter and 24330... | HORIZON CORP <HZN> 4TH QTR NET |
Shr 33p vs 38p Net 97 mln vs 111 mln Revs 1.71 billion vs 1.76 billion NOTE: Figures in sterling. Share results after deducting preferred share dividends of one mln pounds sterling in 1986. Reuter | <INTERNATIONAL THOMSON ORGANISATION LTD> YEAR |
The EC agriculture ministers agreement on reducing dairy output puts milk producers in an impossible situation French farm unions said. The accord to limit butter sales into intervention part of planned dairy output cuts of 9-1/2 pct over two years will cut milk producers income a spokeswoman for Frances largest farm u... | FRENCH FARMERS STRONGLY CRITICISE EC MILK PACT |
The Industrial Bank of Japan Ltd (IBJ) London Branch said it is establishing a sterling certificate of deposit (CD) issuance programme for up to 200 mln stg. The arranger is LLoyds Merchant Bank Ltd and dealers are LLoyds Samuel Montagu and Co Ltd Morgan Grenfell and Co Ltd and S.G. Warburg and Co Ltd. The paper will h... | IBJ ESTABLISHES 200 MLN STG CD PROGRAMME |
MOBIL'S MONTGOMERY WARD AND CO FEBRUARY SALES UP 12.7 PCT ON COMPARABLE STORE BASIS | |
Shr loss 3.84 dlrs vs nil Net loss 56879000 vs profit 23000 Rev 10.3 mln vs 17.7 mln Year Shr loss 4.60 dlrs vs profit 14 cts Net loss 67818000 vs profit 1807000 Rev 50.9 mln vs 56.1 mln Avg shares 14734000 vs 12801000 NOTE: Fourth qtr net includes a one-time restructuring charge of 45.2 mln dlrs. 1985 net income inclu... | EQUATORIAL COMMUNICATIONS CO <EQUA> 4TH QTR LOSS |
Iraq said its forces killed or wounded 15000 Iranian Revolutionary Guards as they crushed a new Iranian offensive near the strategic port city of Basra. A high command war communique said four Revolutionary Guards divisions attacked Iraqi positions east of Basra on the Gulf War southern front but they were fully crushe... | IRAQ SAYS IT CRUSHES NEW IRANIAN BASRA OFFENSIVE |
INTERNATIONAL THOMSON ORGANISATION LTD YEAR SHR 33P VS 38P | |
Enzon Inc said a new treatment using its investigational new drug PEG-ADA has restored the functioning of the immune system in the first two children that were born deficient in the enzyme adenosine deaminase. The disorder is known as severe combined immunodeficiency disease or bubble boy disease Bubble Boy Disease is ... | ENZON <ENZN> SAYS DRUG TREATS DISEASE |
MCI COMMUNICATIONS CALLS FOR IMMEDIATE DEREGULATION OF ATT | |
F.W. WOOLWORTH CO FEBRUARY SALES INCREASE 11.3 PCT | |
Trimedyne Inc said it will distribute one Class B common share of <Automedix Sciences Inc> for each four Trimedyne shares held of record on March Nine. The company said in the spinoff it is distributing its entire 44 pct interesdt in Automedix. The spun-off stock will not be saleable for 13 months the company said. ... | TRIMEDYNE <TMED> TO SPIN OFF STAKE IN UNIT |
K Mart Corp said February sales rose 13.1 pct from a year ago and comparable store sales in the four-week period ended February 25 rose 8.2 pct. K Mart said consolidated sales in the period were 1.46 billion dlrs compared with 1.29 billion last year. It said the year-ago figures excluded sales for discontinued operatio... | K MART <KM> FEBRUARY SALES UP 8.2 PCT |
HECK'S INC TO RELEASE NEWS SHORTLY . | |
Shr 16 cts vs 13 cts Net 1900000 vs 1600000 Sales 68.2 mln vs 69.6 mln Nine mths Shr 60 cts vs 43 cts Net 7100000 vs 4700000 Sales 214.0 mln vs 219.5 mln Reuter | CASEY'S GENERAL STORES INC <CASY> 3RD QTR JAN 31 |
J.C. PENNEY FEBRUARY STORE AND CATALOG SALES UP 5.3 PCT | |
French operators have requested licences to export 40000 tonnes of free market feed wheat 32500 tonnes of soft bread wheat 375000 tonnes of barley and 465000 tonnes of maize at todays European Community tender trade sources here said. Rebates requested ranged between 134 and 136.50 European currency units (Ecus) a tonn... | FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED |
Occidental Petroleum Corp said its common stock offering has been further increased to a total of 37950000 shares. The company explained that underwriters exercised in full their option to increase tohe offering by buying an additional 4950000 shares over and above the 33 mln brought to market yesterday. Originally Occ... | OCCIDENTAL <OXY> OFFERS OVER 37 MLN SHARES |
Diamond Shamrock said it raised its posted prices for all grades of crude oil one dlr a barrel effective yesterday. The one dlr increase brings West Texas Intermediate WTI the U.S. benchmark crude to 17.00 dlrs a bbl the company said. Diamond Shamrock joined Sun Co Coastal Citgo and Murphy Oil in raising crude oil post... | DIAMOND SHAMROCK <DIA> RAISES CRUDE OIL POSTINGS |
Shr 27 cts vs 28 cts Net 1026000 vs 1025000 Sales 27.8 mln vs 25.4 mln Year Shr 95 cts vs 16 cts Net 3682000 vs 598000 Sales 102.1 mln vs 100.4 mln Avg shrs 3858000 vs 3700000 Reuter | OAK HILL SPORTSWEAR CORP <OHSC> 4TH QTR NET |
Oper shr loss five cts vs loss 50 cts Oper net loss 3862000 vs loss 15900000 Sales 42.6 mln vs 38.8 mln Avg shr 72.1 mln vs 31.7 mln Year Oper shr loss 51 cts vs loss 2.10 dlrs Oper net loss 30.3 mln vs 51.3 mln Sales 151.7 mln vs 153.1 mln Avg shrs 59.4 mln vs 24.4 mln Backlog 57.1 mln vs 52.9 mln NOTES: Operating los... | OAK INDUSTRIES INC <OAK> 4TH QTR LOSS |
Qtly div 4-1/2 cts vs 4-1/2 cts prior Pay April 15 Record March 24 Reuter | REGIS CORP <RGIS> REGULAR DIVIDEND SET |
Jamesway Corp said it had sales for the four weeks ended February 28 excluding leased departments were 31.7 mln dlrs up 13 pct from 28.0 mln dlrs in the comperable four week period a year earlier. On a store for store basis the company said sales increased five pct. It operated 100 stores last month up from 92 in Febru... | JAMESWAY <JMY> FEBRUARY SALES UP 13 PCT |
K Mart Corp said February sales rose 13.1 pct from a year ago and comparable store sales in the four-week period ended February 25 rose 8.2 pct. K Mart said consolidated sales in the period were 1459193000 dlrs compared with 1289635000 dlrs last year. It said the year-ago figures excluded sales for discontinued operati... | K MART <KM> COMPARABLE-STORE FEBRUARY SALES UP |
Congressional ire is rising against the multinational development banks which make loans to help other countries produce goods in direct competition with beleagured U.S. farmers and miners. With a record U.S. trade deficit of 169 billion dlrs last year and a farm economy in the doldrums Congress is pressing to hold bac... | CONGRESS MAY CURB U.S. AID TO DEVELOPMENT BANKS |
Equatorial Communications Co a satellite data network concern said it has signed an agreement with Contel Corps <CTC> Contel ASC unit allowing Contel ASC to buy 3.6 mln shares of Equatorial stock at 3.25 dlrs per share. In addition Equatorial said under the agreement Contel ASC would buy a minimum of 10 mln dlrs of ... | EQUATORIAL <EQUA> SIGNS PACT WITH CONTEL UNIT |
Mannesmann AG <MMWG.F> the diversified engineering and pipe-making group is interested in taking a stake in a U.S. Company or companies but has not yet found a suitable firm a spokesman said in reply to questions. Mannesmann managing board chairman Werner Dieter told the business weekly Wirtschaftswoche in an interv... | MANNESMANN SEEKS STAKE IN U.S. FIRM |
Shr 1.83 dlrs vs 77 cts Net 296.6 mln vs 120.1 mln Year Shr 4.90 dlrs vs 2.76 dlrs Net 795.8 mln vs 420.5 mln NOTE: Includes gains of 139.2 mln vs 46.8 mln in year and 94.0 mln vs 11.6 mln from capital gains from investments. Reuter | AMERICAN INT'L GROUP INC <AIG> 4TH QTR NET |
Systems for Health Care Inc said it repositioned the company through a one-for-50 reverse stock split. It said there are now 3002500 common shares outstanding with a quoted price of about 7/8 bid compared to 150125000 shares outstanding prior to the split. In another recent development Systems for Health Care formally ... | SYSTEMS FOR HEALTH CARE IN ONE-FOR-50 SPLIT |
First Executive Corp said that its principal subsidiary contributed 152 mln dlrs to one of its divisions to cover credits it wrongfully took on its 1983 to 1985 regulatory accounting statements. The company said Executive Life Insurance Co gave the capital infusion to its subsidiary Executive Life Insurance Co of New Y... | FIRST EXECUTIVE CORP <FEXC> GIVES UNIT FUNDS |
Hard Rock Cafe PLC said it has filed for an initial U.S. offering of 2240000 American Depositary Shares representing 11.2 mln Class A ordinary shares. It said 240000 of the ADSs will be sold by a current shareholder. Lead underwriter is <Drexel Burnham Lambert Inc>. The company said proceeds will be used for the fin... | <HARD ROCK CAFE PLC> SETS INITIAL U.S. OFFERING |
Belgium is to issue a 150 billion franc eight-year state loan carrying a coupon of eight pct a Finance Ministry spokesman said. Pricing will be fixed next week. The spokesman said the loan will feature a call option after four years at a price also to be determined. Some 120 billion francs of the loan will be taken up ... | BELGIUM TO ISSUE 150 BILLION FRANC STATE LOAN |
MAY DEPARTMENT STORES CO FEBRUARY SALES RISE 15 PCT | |
Royal Dutch/Shell Group <RD.AS> earnings for 1986 from the U.S. Fell sharply because of difficult market conditions lower crude and gas prices and also due to different accounting methods Shell chairman Peter Holmes said. The Shell Oil dollar net income fell 47 pct in the year while the additional effect of currency... | ROYAL DUTCH/SHELL U.S. EARNINGS SHARPLY LOWER |
J.C. Penney co Inc said sales for the four weeks ended February 28 for its JCPenney stores and catalogs were up 5.3 pct to 780 mln dlrs from 741 mln dlrs a year earlier with comparable store sales up 5.5 pct. The company said total company sales for the period were up 6.0 pct to 888 mln dlrs from 838 mln dlrs with same... | J.C. PENNEY <JCP> FEBRUARY SALES 5.3 PCT |
F.W. Woolworth Co said total sales for the four weeks ended February 28 rose 11.3 pct to 416 mln from 374 mln in the comparable 1986 period. Woolworth said domestic sales increased 7.1 pct to 249 mln from 233 mln while foreign sales rose 18.4 pct to 167 mln from 141 mln. Reuter | F.W. WOOLWORTH <Z> FEBRUARY SALES INCREASE |
Bankers welcomed the Bank of Spains decision to raise the reserve requirement for banks and savings banks saying it reflected the socialist governments determination not to ease up in the fight against inflation despite the painful social effects of four years of austerity. The central bank last night raised the requir... | BANKERS WELCOME SPANISH RESERVE REQUIREMENT HIKE |
133.5 mln crowns vs 101 mln. Sales 1.61 billion vs 1.51 billion. Proposed dividend 0.80 crowns vs 0.40 crowns. REUTER | GAMBRO AB <GAMB ST> 1986 YEAR |
KLM Royal Dutch Airlines <KLM.AS> said its load factor rose to 66.5 pct in February from 62.5 pct in January and 65.7 pct in February 1986. The load factor was 66.6 pct in the April/February period of 1986/87 compared with 67.2 pct in the same period in 1985/86. Traffic rose 18 pct and capacity rose 17 pct in Februa... | KLM LOAD FACTOR HIGHER IN FEBRUARY |
TRANSPORTATION AGENCY GIVES FINAL OKAY FOR US AIR PACIFIC SOUTHWEST ACQUISITION | |
Officials and diplomats said EC farm ministers who earlier this week ended another marathon negotiating session achieved more than ever before in the fight to end food surpluses and delighted EC officials are now preparing to carry the reform offensive into other areas. Their immediate aim is to drain the wine and oliv... | EC DAIRY OUTPUT ACCORD PAVES WAY FOR MORE REFORM |
FEDERATED DEPARTMENT STORES FEBRUARY SALES UP 9.6 PCT | |
Mercantile Stores Co Inc said its February sales totaled 113.2 mln dlrs up 6.9 pct 105.9 mln dlrs in the year earlier month. The company said its comparable store sales rose 4.3 pct last month. Reuter | MERCANTILE STORES <MST> FEBRUARY SALES UP 6.9 PCT |
Mobil Corp said its Montgomery Ward and Cos retail sales for the four weeks ended February 28 rose 12.7 pct on a comparable store basis to 276.7 mln from 249.0 mln dlrs a year ago. Reuter | MOBIL'S<MOB> MONTGOMERY WARD FEBRUARY SALES UP |
MCI Communications Corp. called for immediate federal deregulation of American Telephone and Telegraph Co. its principal competitor. MCI said it will ask the Federal Communications Commission tomarrow to deregulate ATT in order to let marketplace forces govern the long distance telephone market. Its time to let the mar... | MCI <MCIC> SEEKS IMMEDIATE ATT <T> DEREGULATION |
Seven managers and employees at General Mining Union Corp Ltds Kinross Mines Ltd will face charges of culpable homicide following last years disaster when 177 gold miners died the Attorney Generals Office said. The mineworkers were killed last September at Kinross when a fire set off toxic fumes which suffocated miners... | S AFRICA MINE MANAGERS FACE CHARGES IN DISASTER |
Western Canadas resource-based economy is being hurt by international market forces and there is little Ottawa can do about it Finance Minister Michael Wilson said. If you can tell me how we can get the international energy price up and how we can get the price for copper up and how we can get the price for wheat up th... | WESTERN CANADA HURT BY INTERNATIONAL FORCES |
Ames Department Stores Inc said sales for the four weeks ended February 28 the firstr month of its fiscal year were up 30.4 pct to 113.6 mln dlrs from 87.1 mln dlrs a year earlier with same-store sales up 28.6 pct. Reuter | AMES DEPARTMENT STORES <ADD> FEBRUARY SALES UP |
Amgen said it has filed for an offering of two mln common shares including one mln to be sold outside the U.S. It said U.S. underwriters will be led by PaineWebber Group Inc <PWJ> and <Montgomery Securities> and PaineWebber will lead the overseas underwriters. Proceeds will be used to fund capital spending and wo... | AMGEN <AMGN> FILES TO OFFER TWO MLN SHARES |
West German Farm Minister Ignaz Kiechle who objected strongly to this weeks European Community agreement to cut milk surpluses conceded the accord would have the positive effect of stabilizing prices. According to the text of a speech made in the town of Trudering near Munich Kiechle said farmers earnings would benefit... | KIECHLE SEES POSITIVE ASPECTS IN EC MILK ACCORD |
Congressional ire is rising against the multinational development banks which make loans to help other countries produce goods in direct competition with beleagured American farmers and miners. With a record trade deficit of 169 billion dlrs last year and a farm economy in the doldrums Congress is pressing to hold back... | CONGRESS EYES LOANS THAT AID U.S. COMPETITORS |
American Software Inc said its board declared a three-for-two stock split on Class A and Class B common shares payable March 31 record March 16. The company said it expects to increase its semiannual dividend 12.5 pct to six cts per share post-split from eight cts pre-split. Reuter | AMERICAN SOFTWARE <AMSWA> SETS STOCK SPLIT |
Comdata Network Inc said it has entered into a letter of intent with a limited partnership managed by Welsh Carson Anderson and Stowe (WCAS) to merge Comdata into a corproration to be formed by WCAS. Comdata said in the merger each share of the companys stock would be converted at the holders election into either 15 dl... | COMDATA <CDN> IN MERGER AGREEMENT |
Noel Industries Inc said its board approved in principle a private placement of 900 units each unit consisting of 1000 dlrs of nine pct senior subordinated convertible debentures due Marcxh 31 1991 and 95 warrants to purchase Noel common. The company said chief executive officer Leon Ruchlamer has supplemented the plan... | NOEL INDUSTRIES <NOL> BOARD APPROVES FINANCING |
Best Buy Co Inc said its sales for February rose five pct on a comparable-store basis to 20.7 mln dlrs from 10.4 mln dlrs a year ago. It said for the 11 months sales rose to 213.4 mln dlrs from 101.2 mln dlrs a year earlier. Best Buy said sales for the current period are based on 23 retail facilities compared with 12 r... | BEST BUY <BBUY> FEBRUARY SALES GAIN |
Federated Department Stores Inc said sales for the four weeks ended February 28 were up 9.6 pct to 720.0 mln dlrs from 656.8 mln dlrs a year before. Reuter | FEDERATED DEPARTMENT <FDS> FEBRUARY SALES RISE |
Morton-Thiokol Corp will be included in Standard and Poors 500 Stock index effective today Standard and Poors Corp said. Trading in Morton-Thiokol stock opened up 4-1/4 at 50 on turnover of 122700 shares after a delayed opening due to an imbalance of orders. There are certain funds which base their portfolio on the 500... | MORTON-THIOKOL <MTI> LISTS ON S AND P 500 |
Circuit City Stores Inc said sales for February were up 33 pct to 67.4 mln dlrs from 50.5 mln dlrs a year before with comparabvle store sales up nine pct. The company said salesd for its full fiscal year ended February 28 were up 43 pct to 1.01 billion dlrs from 705.5 mln dlrs in the prior year with comparable store sa... | CIRCUIT CITY STORES <CC> FEBRUARY SALES RISE |
Carson Pirie Scott and Co said its February sales increased 18.2 pct to 104.3 mln dlrs from 88.2 mln dlrs a year ago. It said each of its business groups - retail foodservice and lodging and distribution - contributed to the sales gain. The Food Service and Lodging Groups sales were up 8.9 pct after eliminating sales o... | CARSON PIRIE SCOTT <CRN> FEBRUARY SALES UP |
The Agriculture Department must make a decision soon on how to change the current U.S. soybean loan or more soybeans will continue to be forfeited to the government and foreign soybean production will increase the president of the American Soybean Association ASA said. The USDA will have to bite the bullet one way or a... | SOYBEAN GROUP HEAD URGES USDA ACTION ON LOAN |
Nissan Motor Co Ltd <NSAN.T> is issuing a 35 billion yen eurobond due March 25 1992 paying 5-1/8 pct and priced at 103-3/8 Nikko Securities Co (Europe) Ltd said. The non-callable issue is available in denominations of one mln Yen and will be listed in Luxembourg. The payment date is March 25. The selling concession ... | NISSAN MOTOR ISSUES 35 BILLION YEN EUROBOND |
Shr 78 cts vs 1.16 dlrs Net 6.7 mln vs 9.5 mln Revs 278 mln vs 290 mln Reuter | <WAJAX LTD> YEAR NET |
<Praxis Biologics Inc> said it filed a registration statement with the Securities and Exchange Commission for the initial public offering of 1.5 mln shares of common. It said the offering is being managed by Shearson Lehman Brothers Inc and Merrill Lynch Capital Markets. Praxis said it will use the proceeds to fund ... | PRAXIS FILES FOR INITIAL PUBLIC OFFERING |
Consolidated Store Corp said it purchased two mln square feet of warehouse space on 146 acres of land adjacent to its present Columbus distribution center of 430000 square feet on 121 acres. The company said the building and lands were acquired from White Consolidated Industries Inc an <Electrolux AB> subsidiary for... | CONSOLIDATED STORES <CNS> BUYS WAREHOUSE SPACE |
Shr 42 cts vs 19 cts Net 2903000 vs 1307000 Revs 13.1 mln vs 8937000 Avg shrs 6877360 vs 6874970 Nine mths Shr 98 cts vs 62 cts Net 6740000 vs 4085000 Revs 33.9 mln vs 27.8 mln Avg shrs 6875706 vs 6605879 Reuter | AMERICAN SOFTWARE INC <AMSWA> 3RD QTR JAN 31 NET |
Sterivet Laboratories Limited said the the National Research Council of Canada is contributing financing for the development a new drug to treat a disease of the feet in horses. It said the drug has produced promising results in limited clinical trials over the past 18 months in Ontario. Reuter | STERIVET <STVT> GETS SUPPORT FOR DRUG PROJECT |
The Italian treasury said it would offer 3500 billion lire of short-term treasury bills (BOTs) at rates slightly lower than the preceding offer in mid-February. It said it would offer 1500 billion lire of six-month paper priced at 95.35 pct for a net annualised compound yield of 9.30 pct. Net yield on the preceding iss... | ITALIAN TREASURY DETAILS NEW BILL OFFER |
U.S. Agriculture Secretary Richard Lyng does not intend to discuss a wheat export enhancement initiative to the Soviet Union at a cabinet-level Economic Policy Council meeting set for tomorrow an aide to Lyng said. He (Lyng) does not intend to bring it up the aide said adding that the subsidy offer remains dormant. Lyn... | NO SOVIET WHEAT BONUS TALK PLANNED FOR MEETING |
Export Import Bank president John Bohn said the agency was adopting a new policy of increased risk coverage and as part of it will adopt a system of risk-related fees. In an address before the Ex-Ims annual bankers conference Bohn outlined a series of measures designed to bridge the gap between reduced export lending b... | EXIM BANK UNVEILS RISK RELATED FEES |
BankAmerica Corp said it agreed to sell <Bankhaus Centrale Credit AG> its German consumer banking subsidiary and German credit card operations to <Banco de Santander> of Spain. Terms were not disclosed. The deal is expected to close in the second quarter the bank holding company said. Bankhaus Centrale Credit wit... | BANKAMERICA <BAC> TO SELL GERMAN BANKING UNIT |
French official reserves 375.95 billion francs end Jan (421.00 billion end Dec) - official | |
Shr 30 cts vs 36 cts Net 1211000 vs 1428000 Revs 1536000 vs 1743000 Year Shr 1.36 dlrs vs 62 cts Net 5438000 vs 2498000 Revs 6567000 vs 2971000 NOTE: Company began operations after its July 29 1985 public offering therefore annual data are not directly comparable. Reuter | COPLEY PROPERTIES INC <COP> 4TH QTR NET |
NV Philips Gloeilampenfabrieken <PGLO.AS> said it had agreed with Matsushita Electric Industrial Co Ltd <MC.T> and Nippon Gakki Co Ltd <NGAK.T> of Japan to jointly produce the components of the newly developed laser audio-video player. Philips last month announced it and Sony Corp <SNE.T> had developed a wo... | PHILIPS TO JOINTLY PRODUCE NEW LASER VIDEO PLAYER |
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