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The nations exchanges and brokerage houses said their computers systems have been strained by the avalanche of trading triggered by the past weeks stock market collapse. And while the financial instrys hi-tech resources have been able to handle the crisis the sudden surge in trading volume will likely force the exchang... | COMPUTER SYSTEMS STRAINED BY MARKET COLLAPSE |
TLX Partners a group led by Asher Edelman does not see any problems with its 65 dlr per share bid for Telex Corp a Shearson Lehman official advising the group said. Several other takeover proposals have crumbled following declines in financial markets leading to speculation that Edelman might also drop his offer. Telex... | EDELMAN GROUP COMMITTED TO TELEX <TC> BID |
Shr 46 cts vs 55 cts Net 3532000 vs 4217000 Revs 54 mln vs 52.4 mln Nine mths Shr 1.97 dlrs vs 1.98 dlrs Net 15.0 mln vs 14.8 mln Revs 176.2 mln vs 176.9 mln Reuter | CP NATIONAL CORP <CPN> 3RD QTR NET |
Shr primary 92 cts vs 1.09 dlrs Shr diluted 82 cts vs 97 cts Net 21.8 mln vs 26.1 mln Nine mths Shr primary 3.07 dlrs vs 2.96 dlrs Shr diluted 2.72 dlrs vs 2.44 dlrs Net 73.2 mln vs 65.3 mln Assets 14.29 billion vs 12.35 billion Deposits 9.52 billion vs 8.69 billion Loans 8.79 billion vs 8.69 billion Reuter | GREAT AMERICAN FIRST SAVINGS <GTA> 3RD QTR NET |
MDS Health Group Ltd said that mass spectrometry equipment developed and made by its Sciex division will be used in British-made contraband detection systems being purchased by the Japanese government. The company said the Japanese customs bureau placed an initial 21 mln dlr order. The equipment is able to detect illeg... | MDS HEALTH <MHGA.TO> GETS ORDER |
The U.S. Senate on Tuesday backed President Reagans retaliatory strike against Iranian targets in the Gulf as it moved to take a greater role in making policy in the volatile region. Senators voted 92-1 for a non-binding measure that endorsed Mondays U.S. attack on two Iranian oil platforms in retaliation for an Irania... | SENATE BACKS U.S. RETALIATION IN GULF |
Canada will propose at the new round of international trade talks that most trade-distorting farm subsidies be phased out over a five year period Trade Minister Pat Carney said. Agricultural subsidies and trade barriers have created a vicious circle which continues to cause problems of overproduction and low commodity ... | CANADA SEEKS FIVE YEAR FARM REFORM PLAN |
Standard and Poors Corp said it is reviewing for downgrade United Artists Communications Incs single-B rating on 490 mln dlrs of outstanding and shelf-registered subordinated debt. Placed under review with positive implications were United Cable Television Corps B-minus rating on 250 mln dlrs of outstanding subordinate... | S/P REVIEWS UA COMMUNICATIONS <UACI> FOR CUT |
Standard and Poors Corp said it may downgrade the 100 mln dlrs of B-plus 13-5/8 pct senior subordinated debentures due 1997 of Bally Health and Tennis Corp a unit of Bally Manufacturing Corp. S and P cited the parents proposals to sell Bally Health for more than 500 mln dlrs to an investor group. It noted the transacti... | BALLY <BLY> UNIT MAY BE DOWNGRADED BY S/P |
MGM/UA Communications Co said it signed an agreement with CST Communications Co for the purpose of financing American motion picture projects. CST is an American corporation formed by C. Itoh and Co Ltd <CITT.T> Suntory Ltd and Tokyo Broadcasting Systems Inc <TBRS.T>. The company did not detail the agreement. Reu... | MGM/UA <MGM> SETS PACT WITH JAPANESE GROUP |
Shr 1.18 dlrs vs 87 cts Net 149.6 mln vs 134.0 mln Revs 1.10 billion vs 956.4 mln Nine mths Shr 3.36 dlrs vs 2.42 dlrs Net 428.1 mln vs 373.7 mln Revs 3.13 billion vs 2.70 billion Avg shrs 127.3 mln vs 154.5 mln NOTE: 1986 results include 25 mln dlr reduction of operating income for the relaunch of Contac. Reuter | SMITHKLINE BECKMAN CORP <SKB> 3RD QTR NET |
First Commercial Bancorp said it will acquire the three-branch Citizens Bank of Roseville in a stock swap. The value of the agreement will be based on Citizens adjusted book value at year end and the trading price of First Commercials stock. Citizens book value was about 1.9 mln dlrs at the end of the third quarter acc... | FIRST COMMERCIAL <FCOB.O> TO ACQUIRE CITIZENS BANK |
United Artists Communications Inc and <United Cable Television Corp> said they have indefinitely suspended negotiations on a proposed merger of their companies previously announced. The companies cited a combination of extraordinary market conditions and unresolved terms of the merger as contributing to the action. ... | UNITED ARTISTS <UACI.O> SUSPENDS MERGER TALKS |
Shr 41 cts vs 33 cts Net 10.2 mln vs 8309000 Revs 193.3 mln vs 157.7 mln Nine months Shr 1.29 dlrs vs 1.02 dlrs Net 32.1 mln vs 25.4 mln Revs 582 mln vs 486.5 mln Reuter | THE DEXTER CORP <DEX> 3RD QTR NET |
Shr 56 cts vs 68 cts Net 8327000 vs 9738000 Nine mths Shr 2.19 dlrs vs 1.67 dlr Net 32.8 mln vs 24.8 mln Avg shrs 15.0 mln vs 14.9 mln Assets 5.58 billion vs 4.34 billion Deposits 3.60 billion vs 3.27 billion Loans 2.96 billion vs 2.90 billion Reuter | WASHINGTON MUTUAL SAVINGS BANK <WAMU.O> 3RD QTR NET |
Sept 30 end Shr six cts vs 17 cts Net 1064000 vs 2676000 Revs 144.6 mln vs 129.4 mln Avg shrs 17121000 vs 16065000 Six months Shr 13 cts vs 25 cts Net 2167000 vs 4029000 Revs 248 mln vs 249.2 mln Avg shrs 17121000 vs 16065000 Reuter | TRINITY INDUSTRIES INC <TRN> 2ND QTR NET |
BSD Medical Corp said Alan L Himber has been appointed chairman of the board replacing John E. Langdon who resigned. BSD said Langdons close businees associates Philip D. Dixon III and Robert E. McCarroll all resigned as directors. New board members will be appointed in the near future. Himber became the majority stock... | NEW BSD <BSDM.O> CHAIRMAN NAMED |
National Self Storage said has sold nine storage facilities to Southmark Corp for 37.1 mln dlrs. National Self a developer of storage space for business records said the purchase includes nine storage facilties. National Self also said it and Southmark plan a two-year 100 facility expansion program in South Florida and... | SOUTHMARK <SM> TO PURCHASE <NATIONAL SELF> |
W.R. Grace and Co said a federal district court jury in Chicago has ordered it to pay 100 mln dlrs in damages based on a judgment involving a loan agreement with Continental Illinois National Bank <CIL>. The company said the damages consist of 25 mln dlrs in compensatory damages and 75 mln dlrs in punitive damages. ... | GRACE <GRA> PLANS TO APPEAL 100 MLN DLR JUDGMENT |
Qtly div 63 cts vs 62 cts Pay Nov 20 Record Nov 3 Reuter | HEALTH CARE PROPERTY <HCP> INCREASES QTLY DIVIDEND |
Foreign investment in Mexico stood at end August at 17.8 billion dlrs following an increase of 900 mln dlrs in the first eight months the Trade and Industrial Development Ministry said. It said authorized investments rose 30 pct last year equivalent to 2.45 billion dlrs and expected a similar increase for 1987 as a who... | MEXICO PUTS FOREIGN INVESTMENT AT 17.8 BILLION DLRS |
The Swiss Mortgage Institute (Schweizerischer Hypothekarinstitute) is issuing a 160 mln Swiss franc five pct 12-year bond priced at 100.5 pct lead manager Credit Suisse said. Subscriptions run until Oct. 29. Reuter | SWISS MORTGAGE INSTITUTE ISSUES 160 MLN SFR BOND |
Chiles military rulers imposed a range of punishments ranging from fines to loss of political and civil rights for those convicted of belonging to banned Marxist parties. Any newspaper or magazine publishing their views risked temporary suspension. The crackdown came in an ammendment to the Constitution approved by the... | CHILE MILITARY MOVES TO SHACKLE MARXIST LEFT |
Tokyo stock index rises 63.48 points to 21,973.56 in first nine minutes | |
Tokyo stock index rises 63.48 points to 21,973.56 in first nine minutes | |
Australian share index up 79.0 points at 1628.5 in first 30 minutes | |
Tokyo stock index rises 353.09 points to 22,263.17 after 30 minutes | |
Tokyo stock index soars 828.37 to 22,738.45 after 64 minutes | |
Tokyo stock index up 1,214.68 at 23,124.76 after 98 minutes | |
Tokyo stock index soars 1,376.86 points to end morning trade at 23,286.94 | |
The Bank of Japan bought around 50 billion yen of 10-year government bonds in an operation seen aimed at allaying fears of a collapse in the market bond traders said. The central bank bought the 6.8 pct 73rd 6.5 pct 80th and 5.1 pct 89th issues. Yield on the key 89th bond due 1996 subsequently fell to 5.560 pct in earl... | BANK OF JAPAN BUYS 50 BILLION YEN OF BONDS |
The Bank of Japan reassured a nervous money market after the sharp fall in Tokyo stock prices yesterday by conducting a 200 billion yen commercial bill purchase operation money traders said. The central bank injected funds through three-month repurchase agreements which mature on January 11 and bear interest of 3.9375 ... | BANK OF JAPAN BUYS 200 BILLION YEN OF BILLS |
The Black Monday stock market crash failed to destroy Americans faith in the economic soundness of the country according to a poll released on Tuesday. The ABC-Washington Post poll taken after the close of stock trading on Monday showed 58 pct did not believe the unprecedented slide in stock prices foretold an economic... | POLL SHOWS AMERICANS HOLD ON TO STOCKS AFTER DROP |
Tokyo's stock index plummets 615.31 points to 25,131.25 after 51 minutes | |
Miyazawa says overseas stock plunges not likely to cause Tokyo market freefall | |
Miyazawa says G-7 still strongly supports Louvre Accord | |
Tokyo stock index falls 201.12 to 25,545.44 after open, most stocks untraded | |
Mondays stock market collapse could spell disaster for Republican hopes of retaining the White House in 1988 -- if it proves to be the start of a general economic downturn -- political experts said. The question is does the stock market (decline) signal an impending recession. If that is the case the Republicans will h... | STOCK MARKET'S FALL MAY BE BAD OMEN FOR REPUBLICANS |
Stock market analysts polled before Tokyos market opened on Tuesday said Wall Streets dramatic fall on Monday was overdone and although Tokyo would fall drastically at the opening it might stabilise later. Factors affecting the Tokyo market are not the same as those in New York they said. Tokyos market is completely di... | TOKYO BROKERS SEE SHARP EARLY STOCK PRICE FALL |
Dollar opens sharply higher in Tokyo at 143.55 yen (Monday close 141.35) | |
Chase Manhattan Corp (CMB) president Thomas Labrecque said the sharp decline in the stock market was not justified by economic conditions and there was a need for perspective by investors on fundamental economic conditions. If we are right about the fundamentals this thing should settle down Labrecque said at a news co... | CHASE'S LABRECQUE SAYS STOCK DROP UNWARRANTED |
British foreign secretary Sir Geoffrey Howe told his EC colleagues on Monday that Britain wants agreement by December on a detailed plan to curb EC farm spending if it is to sanction an increase in EC budgetary resources. British diplomatic sources quoted Howe as saying that an accord containing detailed figures and in... | BRITAIN TAKES STRONG LINE ON EC FARM BUDGET PLAN |
Trade Representative Clayton Yeutter said on Monday that the U.S. free trade agreements with Canada and Israel should help to pave the way for liberalizing the global trading system. He said the Canadian and Israeli pacts will not set back worldwide reform efforts under the General Agreement on Tariffs and Trade (GATT)... | US SAYS CANADIAN, ISRAELI PACTS SHOULD SPUR TRADE |
EC agriculture ministers attacked plans to penalise farmers immediately it becomes clear that cereals output is above standard norms EC sources said. They said this was the major criticism raised at a meeting of ministers which discussed Commission proposals for curbing spending on the cereals regime. The Commission wa... | EC STATES ATTACK PLAN TO PENALISE FARMERS |
Wall Streets biggest one-day drop since 1914 has revived a bitter debate about whether modern investment techniques turn shifts in investor psychology into colossal moves in share prices. The market has gotten away from the players said Dudley Eppel vice president-equity trading at Donaldson Lufkin and Jenrette Securit... | U.S. STOCK DECLINE RENEWS DEBATE ABOUT FUTURES |
News of a meeting between U.S. Treasury Secretary James Baker and West German Finance Minister Gerhard Stoltenberg on Monday soothed currency markets allowing the dollar to recoup much of the days losses dealers said. News of the meeting which took place in Frankfurt in great secrecy came after the dollar fell sharply ... | BAKER/STOLTENBERG MEETING SOOTHES MARKETS |
Dwindling global crude oil reserves and the lack of any major new discoveries in recent years will send the world into an energy crisis by 1990 the former Atlantic Richfield Co chairman Robert O. Anderson said. Its going to come sooner than anyone thinks Anderson told reporters after addressing a Houston business lunch... | EX-ARCO <ARC> CHIEF SEES ENERGY CRISIS BY 1990 |
Economist Ravi Batra whose book warning of a crash on Wall Street has been a best seller all summer said Mondays record-breaking market drop was no reason to panic. I think (investors) should stay in the market. Dont panic. The time to panic is two years from now Batra a professor at Southern Methodist University told ... | ECONOMIST BATRA SEES NO REASON TO PANIC |
Brazil will only lift the partial moratorium on its 113-billion-dlr foreign debt after an accord is reached with the private banks the Finance Ministry said in a statement. The statement said such agreement currently being negotiated must place the debt within the terms proposed by Brazil on September 25. Brazil propos... | BRAZIL WILL LIFT MORATORIUM ONLY AFTER BANK PACT |
The discovery of a fertile female Mediterranean fruit fly in a backyard apple tree may lead to aerial spraying in Orange County California State Department of Agriculture officials said. California Department of Agriculture spokeswoman Gera Curry said more than 1700 traps have been set in an 80-square mile area around ... | FEMALE FRUIT FLY MAY LEAD TO CALIFORNIA SPRAYING |
Active Japanese investment in U.S. real estate will continue despite a weak dollar because such investments are strong hedges against inflation financiers and real estate industry experts said. Addressing a conference on Japanese investment in U.S. real estate Setsuya Tabuchi chairman of Nomura Securities Co Ltd said J... | JAPAN TO KEEP BUYING U.S. REAL ESTATE ACTIVELY |
Shr 46 cts vs 50 cts Net 10.9 mln vs 12.0 mln Revs 105.2 mln vs 100.0 mln Note: Canadian Marconi Co qtly figures unavailable. Reuter | CANADIAN MARCONI <CMW.TO> SIX MTHS SEPT 30 NET |
Cheyenne Software Inc said it intends to distribute to its shareholders rights to buy common shares of its F.A. Computer Technologies Inc subsidiary on the basis of one sahre of F.A. stock for every two shares of Cheyenne stock owned. Reuter | CHEYENNE <CHEY.O> TO DISTRIBUTE RIGHTS |
Gabelli Equity Trust Inc said it intends to repurchase up to one mln shares of its common in the open market or in privately negotiated transactions as its shares are trading at a discount of more than 10 pct from net asset value. There are currently 44.0 mln shares outstanding. Gabellis board had previously granted au... | GABELLI EQUITY <GAB> TO BUY BACK SHARES |
CityFed Financial Corp said it will from time to time make open market purchases of its common stock for an amount not to exceed one mln dlrs. The shares will be held by the company as treasury stock. CityFed also said that its City Federal Savings Bank unit will be acquiring additional shares for the units employee st... | CITFED <CTYF.O> TO MAKE OPEN MARKET PURCHASES |
Venezuela will back Ecuadors bid to raise its OPEC quota above 221000 barrels per day (bpd) because it is a justifiable demand Venezuelan Energy Minister Arturo Hernandez Grisanti said on Monday. He told reporters the country deserved a higher quota in compensation for the five months it was forced to suspend oil produ... | VENEZUELA BACKS INCREASE IN ECUADOR OPEC QUOTA |
Shr profit 1.07 dlrs vs loss 1.19 dlrs Net profit 3326000 vs loss 3446000 Nine mths Net profit 9714000 vs profit 3665000 NOTE: Latest and prior nine month per share amounts not given. Reuter | CAPITOL BANCORP <CAPB.O> 3RD QTR NET |
NYSE REPORTS PRELIMINARY DOW CLOSING AT 1738.41, OFF 508.32, LARGEST IN HISTORY | |
The United States invoked the right of self-defense in destroying an Iranian oil platform in the Gulf the American delegation told the United Nations. Lieutenant General Vernon Walters sent letters about the incident to Security Council President Maurizio Bucci the delegate of Italy and Secretary General Javier Perez d... | U.S., AT U.N., CLAIMS SELF-DEFENSE FOR GULF ATTACK |
France voiced its comprehension for a U.S. Attack on an Iranian target while calling for a swift halt to the Gulf War to avoid further escalation. The French authorities reaffirm their attachment to the freedom and security of navigation and to the right of all states to take action under international law and the Unit... | FRANCE SAYS U.S. HAD RIGHT TO STRIKE |
Shr loss 1.73 dlrs vs nil Net loss 16.3 mln vs profit 2206000 Sales 69.1 mln vs 29.1 mln Note: per share is after payment of preferred dividends. Reuter | <POTASH CO OF AMERICA INC> NINE MTHS LOSS |
Granges Exploration Ltd filed with the Securities and Exchange Commission for a proposed offering of up to 2500000 shares of common stock. PaineWebber Inc and Drexel Burnham Lambert Inc will act as underwriters for the proposed offering Granges said. Proceeds from the offering will be used to acquire shares of its Hycr... | GRANGES <GXL> FILES FOR COMMON STOCK OFFERING |
Shr 22 cts vs 20 cts Net 4033000 vs 3398000 Sales 125.3 mln vs 99.1 mln Avg shrs 18.4 mln vs 17.5 mln Nine mths Shr 89 cts vs 78 cts Net 15.9 mln vs 13.6 mln Sales 413.7 mln vs 345.0 mln Avg shrs 17.8 mln vs 17.5 mln NOTE:1987 3rd qtr per share reflects issuance of two mln shares in initial public offering. 1986 nine m... | JEPSON CORP <JEPS.O> 3RD QTR NET |
Cardiac Control Systems Inc said it entered into a marketing agreement with a Japanese firm to distribute Cardiacs pacemakers in Japan. Cardiac said the agreement requires the Japanese firm to purchase certain minimum quantities of pacemakers annually over the next three years with the aggregate value of purchases of a... | CARDIAC CONTROL <CCSC.O> IN MARKETING PACT |
Fifth Third Bancorp and <C and H Bancorp> said they reached a preliminary agreement to merge. C and H Bancorp has assets of 257 mln dlrs and is the parent company of Citizens Heritage Bank N.A. The companies said the agreement calls for each of the about one mln shares of C and H Bancorp to be exchanged for one shar... | FIFTH THIRD <FITB.O> TO MERGE WITH C AND H |
Shr 25 cts vs NA Net 3081000 vs 2063000 Nine mths Shr 86 cts vs NA Net 10.5 mln vs 6966000 NOTE: Year-ago per share amounts not available as bank converted to stock ownership August 13 1986. 1987 amounts include operations of Burgdoff Realtors acquired during December 1986 and other operations. Reuter | BANKING CENTER <TBCX.O> 3RD QTR NET |
National Processing Co INc said it signed a contract with Chrylser Corps Chrysler Financial Corp unit to process its loan payment trasactions beginning February 1988. Terms werent disclosed. National said that more than four mln transactions are expected to be processed for Chrysler each year under the contract. Reuter | NAT'L PROCESSING <FKYN.O>, CHRYSLER <C> IN PACT |
American lawmakers rallied behind President Reagan for the U.S. strike against Iranian targets in the Gulf but the attack fueled a sharp new White House-Congress debate over limits on his powers to make war. The Pentagon announced on Monday that U.S. warships destroyed a non-producing oil platform used for monitoring G... | U.S. LAWMAKERS SUPPORT GULF ACTION |
Saudi Arabias Crown Prince Abdullah bin Abdul Aziz met for an hour with Vice President George Bush on Monday after U.S. naval forces destroyed one Iranian oil platform in the Gulf and raided another. Asked at the start of the meeting how he felt about the attack the Crown Prince who is here on an official visit replied... | SAUDI CROWN PRINCE MEETS WITH US VICE PRES BUSH |
The U.S. Food and Drug Administration has allowed ICN Pharmaceuticals Inc to resume testing its ribavirin experimental AIDS drug according to ICN. Our safety concerns are not of sufficient magnitude to withhold approval of further clinical studies designed to assess the safety and efficacy of ribavirin the FDA told ICN... | U.S. FDA LETS ICN <ICN> RESUME TESTING AIDS DRUG |
U.K. Chancellor of the Exchequer Nigel Lawson welcomed on Monday the reaffirmation by the U.S. And West Germany of the Louvre accord aimed at stabilising currencies. His office said Lawson had welcomed the outcome of a meeting between U.S. Treasury Secretary James Baker Bundesbank President Karl Otto Poehl and West Ger... | LAWSON WELCOMES REAFFIRMATION OF LOUVRE ACCORD |
Shr 28 cts vs 46 cts Net 1634000 vs 2007000 Avg shrs 5850000 vs 4400000 Nine Mths Shr 82 cts vs 1.77 dlrs Net 4788000 vs 7792000 Avg shrs 5850000 vs 4400000 Loans 586.9 mln vs 481.5 mln Deposits 697.4 mln vs 606.2 mln Assets 797.2 mln vs 683.4 mln Note: Full name Sun State Savings and Loan Association. Reuter | SUN STATE SAVINGS <SSSL.O> 3RD QTR NET |
California Water Service Co said its shareholders approved a two-for-one stock split at a special meeting on Monday. The company said the new shares will be mailed on or about October 30 to holders of record October 20. Separately the company said it declared a 37-3/8 cts per share common stock dividend which will be p... | CALIFORNIA WATER <CWTR.O> IN STOCK SPLIT |
Shr 2.10 dlrs vs 1.83 dlrs Net 5919000 vs 5168000 Revs 35.0 mln vs 34.3 mln Nine Mths Shr 5.09 dlrs vs 3.55 dlrs Net 14391000 vs 10099000 Revs 88 mln vs 83.7 mln Note: Curent nine mth figures include 2.2 mln dlr or 79 cts per share gain resulting from change in accounting method for unbilled revenues. Reuter | CALIFORNIA WATER SERVICE CO <CWTR.O> 3RD QTR |
The Pacific Stock Exchange closed half an hour early under a pile of unfilled orders on heavy but not record volume of over 11 mln shares Exchange officials said. As traders remained on the floors in San Francisco and Los Angeles madly trying to balance their accounts long after the close Exchange Chairman Maurice Menn... | PACIFIC EXCHANGE CLOSE BURIED IN UNFILLED ORDERS |
The Great Atlantic and Pacific Tea Co Inc said it withdrew its offer to acquire Delchamps Inc <DLCH.O> for 27 dlrs a share or about 175 mln dlrs which was made earlier this month. Michael Rourke A and P vice president said the company withdrew the offer because Delchamps did not respond favorably to it and because o... | GREAT ATLANTIC <GAP> WITHDRAWS DECHAMPS BID |
The massive stock market correction on Wall Street will force a decline in Japanese share prices but a decline of similar proportions will not occur due to economic factors said Setsuya Tabuchi chairman of the board of Nomura Securities Co Ltd. There are less inflation worries in Japan and less possibility of interest ... | JAPANESE STOCKS WILL FALL, BUT NOT LIKE WALL ST |
Shr 38 cts vs 52 cts Net 3980000 vs 5524000 Revs 37.4 mln vs 44.8 mln Nine mths Shr 76 cts vs 99 cts Net 7983000 vs 10.5 mln Revs 100.4 mln vs 123.6 mln NOTE: 1987 qtr and nine mths includes loss 9000 dlrs and 432000 dlrs or four cts per share from repurchase and retirment of debt. Reuter | AMERICAN FRUCTOSE CORP <AFC> 3RD QTR NET |
GREAT ATLANTIC AND PACIFIC TEA CO SAID IT WITHDREW ITS OFFER TO BUY DELCHAMPS INC | |
Italian Prime Minister Giovanni Goria told the cabinet on Monday he was worried about the increased tension in the Gulf but said Americas retaliation against Iran had been limited. A statement issued after a cabinet meeting said Goria had been informed by the United States that it would take action against an Iranian t... | ITALY WORRIED AT RISING TENSION AFTER GULF ATTACK |
Standard and Poors Corp said it raised short-term ratings to A-1-plus from A-1 of Kyowa Bank Ltd. S and P cited a steady progress in all major areas of operation over the past few years. The upward trend in profitability partly reflects decreased operating expenses as interest margins have been historically strong S an... | KYOWA BANK SHORT-TERM RATES UPGRADED BY S/P |
Shr 59 cts vs 27 cts Net 6398000 vs 2979000 Revs 91.0 mln vs 94.1 mln Avg shrs 10.8 mln vs 11.2 mln Nine mths Shr 1.58 dlrs vs 1.06 dlrs Net 17.2 mln vs 12.2 mln Revs 279.7 mln vs 289.1 mln Avg shrs 10.9 mln vs 11.4 mln Reuter | A.H. BELO CORP <BLC> 3RD QTR NET |
Media General Incs chairman D. Tennant Bryant said his family would not sell its controlling share block so it would be impossible for an investor group led by <Giant Group Ltd> to gain control of the company. The investor group which includes Barris Industries <BRRS.O> recently reported that it acquired a 9.8 pc... | MEDIA GENERAL <MEGA> FAMILY WONT SELL SHARES |
AMCA International said it expects to earn a profit in the fourth quarter which will exceed the third quarter result. The company earned 4.9 mln dlrs in the third quarter against a year earlier loss of 56.2 mln. However after the payment of preferred dividends it lost two cents per share from a loss of 1.79 dlrs per sh... | AMCA INTERNATIONAL <AIL> SEES 4TH QTR PROFIT |
U.S. Treasury Secretary James Baker met West German Finance Minister Gerhard Stoltenberg and Bundesbank President Karl Otto Poehl in Frankfurt on Monday a Bonn Finance Ministry spokesman said. After the meeting the spokesman quoted Stoltenberg as saying he was confident that foreign currencies could be stabilised at ar... | BONN CONFIDENT OF MAINTAINING CURRENCY STABILITY |
U.S. bank executives said if the precipitous fall in the stock market continued it could force banks to demand more collateral on stock loans and hurt consumer borrowing. But the leaders of the American Bankers Association which is holding its annual convention said the drop was probably only temporary and the market w... | U.S. BANKERS WARN OF EXTENDED STOCK MARKET DROP |
Iranian foreign minister ali akbar velayati here on a two-day official visit informed cuban foreign ministry officials on monday on the tense situation in the gulf diplomatic sources said. They said the envoys trip to be followed from tuesday by a visit to nicaragua could be linked to a possible mediation of the non-al... | IRAN FOREIGN MINISTER TELLS CUBA OF GULF SITUATION |
Shr loss nine cts vs loss 1.03 dlrs Net profit 100000 vs loss 11.6 mln Revs 125.2 mln vs 71.8 mln Nine mths Shr loss 2.46 dlrs vs loss 98 cts Net loss 26.9 mln vs loss 8.5 mln Revs 355.4 mln vs 215.6 mln NOTE: 1987 qtr includes loss 5.9 mln dlrs non-recurring after-tax charges due almost entirely to the companys recent... | CLEVELAND-CLIFFS INC <CLF> 3RD QTR NET |
A proposal to require imported tropical oils to be labeled as saturated fats suffered a narrow and possibly debilitating defeat in the U.S. Senate. The Senate Agriculture Committee rejected the proposal by a 10-8 vote virtually snuffing out U.S. soybean producers hopes the plan would be adopted this year. A similar pro... | US TROPICAL OIL LABELING PLAN SUFFERS DEFEAT |
Morrison Knudsen Corp in its third quarter earnings report released today said that its backlog of uncompleted contracts at Sept 30 stood at 3.8 billion dlrs the third highest level in the companys history. Morrison Knudsen said the backlog was 20 pct above the 3.16 billion dlrs reported at the same time a year ago. Mo... | MORRISON KNUDSEN <MRN> BACKLOG REACHES HIGH |
Shr three cts vs two cts Net 456000 vs 272000 Sales 15 mln vs 14.4 mln Nine mths Shr six cts vs 23 cts Net 992000 vs 3812000 Sales 41.1 mln vs 45.4 mln Order backlog 46 mln vs 24.3 mln Note: 1986 figures include a gain of 2.9 mln dlr or 17 cts a share from life insurance proceeds. Reuter | CADE INDUSTRIES INC <CADE.O> 3RD QTR NET |
U.S. SELLS 3-MO BILLS AT 6.84 PCT, STOP 6.90 PCT, 6-MO 7.21 PCT, STOP 7.25 PCT | |
Oper shr 45 cts vs 42 cts Oper net 33.0 mln vs 31.1 mln Revs 749.8 mln vs 716.5 mln Nine mths Oper shr 1.23 dlrs vs 1.11 dlrs Oper net 91.1 mln vs 81.3 mln Revs 2.2 billion vs 2.1 billion NOTE: Prior nine mths and qtr excludes loss of 2.3 mln dlrs due to discontinued operations. Reuter | ABITIBI-PRICE INC <AIB.TO> 3RD QTR OPER NET |
Standard and Poors Corp said it affirmed at A-1-plus commercial paper of Perkin-Elmer Corp. S and P cited expectations of the firm to show sustained long-term profit improvement after a recent restructuring. After two years of lackluster profitability and cuts in operations activities concentrated in promising product ... | PERKIN-ELMER <PKN> PAPER AFFIRMED BY S/P |
Gary Associates LP which said previously it may seek control of Gull Inc said it increased its stake in Gull common stock to 388900 shares or 7.7 pct of the total outstanding from a previous figure of approximately 318000 shares or 6.2 pct. In a filing with the Securities and Exchange Commission Gary Associates said it... | PARTNERSHIP INCREASES GULL <GLL> HOLDINGS |
Shr 92 cts vs 91 cts Net 24.1 mln vs 22.7 mln Avg shrs 25.4 mln vs 24.8 mln Nine mths Shr 20 cts vs 2.58 dlrs Net 6028000 vs 62.7 mln Avg shrs 25.4 mln vs 24.3 mln Assets 10.3 billion vs 9.21 billion Deposits 7.10 billion vs 6.32 billion Loans 6.52 billion vs 5.60 billion Reuter | SIGNET BANKING CORP <SBK> 3RD QTR NET |
Unocal Corp said it raised its posted prices for most U.S. grades of crude oil by 50 cts a barrel effective October 16. The move brings the price the company will pay for the U.S. benchmark grade West Texas Intermediate and West Texas Sour to 19 dlrs a barrel. The price was last changed September 9 Unocal said. Reuter | UNOCAL <UCL> RAISES CRUDE OIL POSTED PRICES |
Shr 18 cts vs 14 cts Net 1852000 vs 1488000 Revs 44.7 mln vs 35.9 mln Nine mths Shr 41 cts vs 34 cts Net 4233000 vs 3512000 Revs 123.8 mln vs 98.4 mln NOTE: Full Name is American Management Systems Inc. Reuter | AMERICAN MANAGEMENT SYSTEMS <AMSY.O> 3RD QTR NET |
MEDIA GENERAL SAYS GIANT GROUP, AFFILIATES HAVE 9.8 PCT OF CLASS A COMMON STOCK | |
European Community Commission President Jacques Delors called for a swift convening of a meeting of the G-7 countries following the instability in todays trading on world money and stock markets. He told a press conference here: G-7 should meet discreetly and quickly. Delors said if the dollar were to fall further agai... | DELORS CALLS FOR G-7 MEETING |
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