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Shr 79 cts vs 72 cts Net 581915 vs 536040 Revs 13.9 mln vs 13.3 mln Year Shr 3.28 dlrs vs 3.21 dlrs Net 2413407 vs 2360048 Revs 54.9 mln vs 54.2 mln Reuter | UNITIL CORP <UTL> 4TH QTR NET |
Ryder System Inc said it has acquired Caledonian Airmotive Ltd from <British Caledonian Group PLC> for undisclosed terms. Caledonian Airmotive repairs and rebuilds aircraft engines. Reuter | RYDER <RDR> BUYS BRITISH CALEDONIAN UNIT |
WAL-MART STORES FEBRUARY SALES UP 44 PCT | |
May Department Stores Co said its sales for the four weeks ended February 28 rose 15 pct to 631.8 mln dlrs from 549.5 mln dlrs a year ago. On a comparable-store basis it was a 9.4 pct gain. Reuter | MAY <MA> FEBRUARY RETAIL SALES INCREASE |
KIDDER PEABODY ANALYST RAISES ESTIMATES, RECOMMENDATION ON PEPSICO | |
Wal-Mart Stores Inc said February sales were up 44 pct to 885 mln dlrs from 615 mln dlrs a year before with same-store sales up 14 pct. Reuter | WAL-MART STORES <WMT> FEBRUARY SALES UP 44 PCT |
Swedish tyres process equipment and components firm <Trelleborg AB> said it was taking a larger stake in mining and metals concern Boliden AB <BLDS.ST> than it had originally intended. Trelleborg had previously announced it was exercising an option to acquire up to 65 pct of Bolidens voting rights. In a statement... | TRELLEBORG TAKE LARGER SLICE OF BOLIDEN |
Shares of Polaroid Corp rose following a reiterated recommendation by Merrill Lynch and Co that focused on strong earnings momentum for the company traders said. We have been recommending the stock since it was in the 50s but we reiterated today because of expectations of strong earnings momentum its benefits from the ... | POLAROID <PRD> UP ON REAFFIRMED OPINION |
Profit after net financial items 500 mln crowns vs 359 mln Sales 10.90 billion crowns vs 10.72 billion Proposed dividend 12.50 crowns vs 10.50 crowns REUTER | SWEDISH MATCH AB <SMBS.ST> 1986 YEAR |
French official reserves fell 45.06 billion francs to 375.95 billion at the end of January from 421.00 billion at the end of December the Finance Ministry said in a statement. It said the fall was largely due to sales of foreign currency that preceded the January 11 realignment of the European Monetary System (EMS). Fo... | FRENCH OFFICIAL RESERVES FALL SHARPLY IN JANUARY |
Mars Stores Inc said sales for the four weeks ended February 28 were off 1.6 pct to 6307096 dlrs from 6411103 dlrs a year earlier. The company said sales were hurt this year by store closings caused by snowstorms. Reuter | MARS STORES <MXXX> FEBRUARY SALES OFF 1.6 PCT |
Oper shr 22 cts vs 20 cts Oper net 1153000 vs 1068000 Revs 15.7 mln vs 15.8 mln Six mths Oper shr 38 cts vs 38 cts Oper net 2039000 vs 2051000 Revs 31.4 mln vs 31.6 mln NOTE: exlcudes 145000 discontinued operations for 1986 oper net for six mths for sale of electronics division. Oper shr for qtr and six mths 1986 adjus... | SL INDUSTRIES INC <SL> 2ND QTR JAN 31 NET |
DAYTON HUDSON CORP FEBRUARY SALES RISE 10.8 PCT ON COMPARABLE STORE BASIS | |
General Refractories Co said it agreed to sell its European refractories and building products operations for about 62 mln dlrs to an Austrian investor group. The European operations had sales of 186 mln dlrs in 1985 the last year for which results have been released the company said. The sale to a group headed by Giro... | GENERAL REFRACTORIES <GRX> TO SELL OPERATIONS |
Brazil has no set target for its coffee exports following this weeks breakdown of International Coffee Organization talks on export quotas President of the Brazilian Coffee Institute IBC Jorio Dauster said. He told a press conference Brazil now had to reconsider its export plans and that the 15.5 mln bag export figure ... | BRAZIL HAS NO SET COFFEE EXPORT TARGETS - IBC |
Kidder Peabody and Co analyst Roy Burry issued a strong buy recommendation on Pepsico Inc citing an improved profit outlook for both domestic soft drinks and Frito-Lay snack foods. Pepsico climbed 7/8 to 34-3/4 on 615000 shares by midmorning. Burry forecast earnings of 2.00 dlrs per share in 1987 and 2.30 dlrs in 1988.... | PEPSICO <PEP> UPGRADED BY KIDDER PEABODY |
Britain appeared set for a new cash row with its European Community partners as evidence emerged that it could be much worse off as a result of new proposals to radically alter the way the EC is financed. Analysis by officials and diplomats of proposals released yesterday by the ECs executive Commission showed their fu... | BRITAIN SEEMS SET FOR NEW CASH ROW WITH EC |
Securities and Exchange Commission chairman John Shad said progress was being made in stopping insider trading but the chairman of a House subcommittee with jurisdiction over securities laws said he was concerned about conditions on Wall Street. Greed has created a feeding frenzy on Wall Street and in the process laws ... | SHAD SEES PROGRESS ON INSIDER TRADING |
The World Bank is issuing a multicurrency financing package totalling 232 mln U.S. Dlrs coordinator DG Bank Deutsche Genossenschaftsbank said. The package includes a 250 mln mark five year straight eurobond with a 5-3/8 pct coupon priced at par led by DG. The bond which is a private placement matures on March 17 1992. ... | WORLD BANK ISSUES 232 MLN U.S. DLR FINANCE PACKAGE |
Moseley Holdings Corp <MOSE> said an offering of 1700000 common shares of NEECO Inc is under way at 18.25 dlrs each. The company is selling 1200000 of the shares and shareholders the rest. The shareholders have granted underwriters an overallotment option to buy up to 255000 more shares. Reuter | NEECO <NEEC> SHARE OFFERING UNDER WAY |
OPEC output in February was well below the 15.8 mln bpd ceiling it set in December and all countries are strictly adhering to their quotas the OPEC news agency Opecna quoted an OPEC secretariat official as saying. The official was quoted as saying that lower output was the result of member countries firm determination ... | OPEC SAYS FEBRUARY OUTPUT UNDER CEILING |
CANADIAN IMPERIAL BANK OF COMMERCE 1ST QTR SHARE BASIC 61 CTS VS 64 CTS | |
SEARS ROEBUCK AND CO FEBRUARY SALES UP 4.9 PCT | |
HECK'S INC FILES FOR CHAPTER 11 BRANKRUPTCY | |
WHITE HOUSE SAYS IT OPPOSED TO TAX INCREASE AS UNNECESSARY | |
Perkin-Elmer Corp said it acquired <Atomika Technische Physik> based in Munich West Germany a high technology concern specializing in surface science instruments. Terms of the acquisition were not disclosed. It said Atomika will became a part of its Physical Electronics Division based in Eden Prairie Minn. The divis... | PERKIN-ELMER <PKN> ACQUIRES HIGH TECH FIRM |
Hecks Inc said it has filed for protection from creditors under Chapter 11 of the federal bankruptcy act. The company said its wholly owned wholesale subsidiaries its Maloneys subsidiary and its discount drug store operation are not included in the filing. Hecks said it made the filing because its bank lending group fa... | HECK'S <HEX> FILES FOR CHAPTER 11 BANKRUPTCY |
The U.S. Department of Transportation said it gave final approval to USAir Groups proposed 400 mln dlr acquisition of Pacific Southwest Airlines. The department said the acquisition is not likely to substantially lessen competition and would not harm the public interest. The department had given its tentative approval ... | U.S. OKAYS USAIR <U> PACIFIC SOUTHWEST PURCHASE |
Bolt Beranek and Newman Inc said its subsidiary BBN Advanced Computers Inc sold approximately 700000 dlrs worth of its Butterfly parallel processors to Indiana University MITRE Corp FMC Corp and the Naval Research Laboratory. Among the uses for the system are graphics development of genetic algorithms for solving compl... | BOLT BERANEK AND NEWMAN <BBN> UNIT SELLS SYSTEM |
MCI Communications Corp President Bert Roberts said he expects MCIs financial performance to improve in the current quarter compared to the previous quarter. He said American Telephone and Telegraph Co long-distance rate cuts had cut into MCIs fourth quarter performance but added: Theres going to be a continuing impact... | MCI <MCIC> PRESIDENT SEES PROFIT IMPROVEMENT |
P.A.M. Transportation Services Inc said president and board member Robert Weaver resigned to pursue other interests. The company said its board elected chairman Paul Maestri to the additional post of president. Reuter | P.A.M. TRANSPORTATION <PTSI> PRESIDENT RESIGNS |
Personal taxation has emerged as the major economic issue in Finnish general elections later this month and Conservative gains could mark a shift towards indirect taxation and accelerate moves towards more market-oriented banking practices economists say. Opinion polls indicate the Conservative Party Finlands second la... | FINNISH TAXATION MAJOR ISSUE IN ELECTION CAMPAIGN |
Net 5521000 vs NA Revs 358.1 mln vs 359.0 mln Year Net 55.3 mln vs NA Revs 1.43 billion vs 1.34 billion NOTE: Current year includes earnings of 49.6 mln dlrs for the four months ended April 30 1986. Year-ago earnings not comparable because of acquisition by Aancor Holdings Inc on April 29 1986. Reuter | NATIONAL GYPSUM CO 4TH QTR NET |
Salomon Incs TMC Mortgage Securities I Plc unit is issuing 200 mln stg floating rate mortgage-backed notes priced at par said Salomon Brothers International as co-lead manager. S.G. Warburg Securities is the other co-lead manager. The securities are priced at 25 basis points over the three month London Interbank Offere... | SALOMON SELLS 200 MLN STG MORTGAGES-BACKED NOTES |
Sears Roebuck and Co said revenues of its Merchandise Group in February rose 4.9 pct to 1.85 billion dlrs from 1.76 billion dlrs a year ago. It said domestic sales were led by better than average increases in apparel home fashions and hardware. Reuter | SEARS <S> FEBRUARY SALES UP 4.9 PCT |
ZAYRE CORP 4TH QTR SHR 73 CTS VS 60 CTS | |
Results for year 1986 - Group pre-tax profit 385 mln crowns vs 380 mln Net turnover 14.17 billion crowns vs 16.69 billion Dividend eight pct vs nil Group profit after tax 16 mln crowns vs 244 mln Reuter | <DET OESTASIATISKE KOMPAGNI A/S> (EAST ASIATIC CO) |
Tokheim Corp said its Advanced Products and Electronics Division reached a four-year manufacturing and marketing agreement with TechVend a New Jersey-based company which has developed a credit card activated video cassette rental machine. It said the agreement could contribute significantly to the growth of Tokheim It ... | TOKHEIM <TOK> UNIT IN MARKETING AGREEMENT |
<General Videotex Corp> said it added Investment Technologies Cos VESTOR on-line stock market analysis database to its DELPHI network service. It said the VESTOR service will be available on Delphi within 30 days. Reuter | GENERAL VIDEOTEX ADDS INVESTMENT <IVES> SERVICE |
The White House said a tax increase is not needed to reduce the federal budget deficit. We think thats certainly unnecessary. We are opposed to tax increases spokesman Marlin Fitzwater said. House Speaker Jim Wright told Budget Committee Democrats Wednesday he would fight for a tax increase this year to reduce the defi... | WHITE HOUSE SAYS TAX INCREASE NOT NEEDED |
ZAYRE CORP FEBRUARY SALES UP 25.7 PCT | |
Best Products Inc said sales for the four weeks ended February 28 were off 12.7 pct to 111.3 mln dlrs from 127.6 mln dlrs a year before excluding sales from catalog stores and Ashbys Ltd outlets that were closed or sold last year. The company said in an effort to improve gross margins it significantly cut promotional a... | BEST PRODUCTS <BES> FEBRUARY SALES OFF 12.7 PCT |
Pirelli UK International Finance BV is issuing a 50 mln stg eurobond due April 9 1992 paying 10 pct and priced at 101-1/2 pct lead manager Barclays De Zoete Wedd Ltd. The non callable issue is available in denominations of 10000 and 1000 stg and will be listed in Luxembourg. The payment date April 9 1987. The selling c... | PIRELLI UK INT FINANCE ISSUES 50 MLN STG EUROBOND |
Dayton Hudson Corp said sales for the four weeks ended February 28 increased 10.8 pct on a comparable-store basis to 601.8 mln dlrs from 503.8 mln dlrs a year ago. It called the pace of Februarys sales encouraging with strength evident in all companies. Reuter | DAYTON HUDSON <DH> FEBRUARY SALES RISE |
U.S. HOUSE SPEAKER WRIGHT SAYS TAX RISE NEEDED TO CUT BUDGET DEFICIT IN 1988 | |
TEXAS AIR CORP'S CONTINENTAL AIRLINES FEBRUARY LOAD FACTOR FALLS | |
<Besicorp Group Inc> said it reached an agreement with <LCP Chemicals and Plastics Inc> to develop an 80 megawatt cogeneration station at LCPs facility in Syracuse N.Y. in a project estimated to require about 50 mln dlrs in financing. Under the agreement it said a standard power sale agreement is expected to be e... | BESICORP, LCP CHEMICALS IN COGENERATION PACT |
Shr 55 cts vs 24 cts Net 1.9 mln vs 800000 Revs 17.6 mln vs 12.8 mln Reuter | <SIGNTECH INC> NINE MTHS JAN 31 NET |
Period ended January 31 Shr 61 cts vs 64 cts Shr diluted 60 cts vs 60 cts Net 96.5 mln vs 87.0 mln Loans 44.87 billion vs 48.07 billion Deposits 69.86 billion vs 68.45 billion Assets 83.92 billion vs 78.93 billion Note: shr after preferred dividends Reuter | <CANADIAN IMPERIAL BANK OF COMMERCE> 1ST QTR |
Satellite Auction Network Inc <SATL> said its wholly owned unit Premier Auction Services has booked over nine mln dlrs in direct auction equipment for March and April 1987 versus between six and seven mln dlrs in the same period in 1986. In addition Satellite Auction said it expects the units auction operations to g... | SATELLITE AUCTION UNIT MARCH, APRIL BOOKINGS UP |
Triumph Capital Inc said it has signed a letter of intent to acquire First Securities Transfer Systems Inc of Pompano Beach Fla. for undisclosed terms. The company said it is also entering the commercial finance business through the formation of Triumph Financial corp. It said the new wholly-owned unit has extended a 3... | <TRIUMPH CAPITAL INC> TO MAKE ACQUISITION |
Systems Strategies Inc a unit of AGS Computers Inc said International Business Machines Corp <IBM> has licensed five of its Systems Network Architecture and Binary Synchronous software packages. Systems said it modified the software to run on the IBM 4361 under the IX/370 operating system. Reuter | AGS COMPUTER <AGS> UNIT GETS IBM LICENSE |
Qtly div 10 cts vs 10 cts prior Pay April Six Record March 16 Reuter | CONCHEMCO INC <CKC> SETS QUARTERLY |
Qtly div five cts vs five cts prior Pay April 17 Record March 16 Reuter | DST SYSTEMS INC <DSTS> REGULAR PAYOUT SET |
The Federal Reserve is not expected to intervene in the U.S. government securities market to add or drain reserves economists said. Most economists said they did not expect the Fed to add reserves with Federal funds trading below six pct. They said the funds rates softer tone may indicate that the need to add reserves ... | FED NOT EXPECTED TO TAKE MONEY MARKET ACTION |
House Speaker James Wright said President Reagan should realize that there will be no way to meet the deficit reduction targets in the 1988 budget without a tax increase. In my judgment there isnt any way to achieve the commanded reductions in the deficit without some additional revenue the Texas Democrat told reporter... | WRIGHT SAYS TAX RISE NEEDED TO CUT U.S. DEFICIT |
BROWN GROUP INC 4TH QTR SHR 77 CTS VS 76 CTS | |
Pirelli UK International Finance BV is issuing a 50 mln stg eurobond due April 9 1992 paying 10 pct and priced at 101-1/2 pct lead manager Barclays De Zoete Wedd Ltd. The non callable issue is available in denominations of 10000 and 1000 stg and will be listed in Luxembourg. The payment date April 9 1987. The selling c... | PIRELLI UK INT FINANCE ISSUES 50 MLN STG EUROBOND |
Bell Petroleum Services Inc said Regal International Inc has doubled its offer for Bell stock to one Regal share for each Bell share from half a share previously. The company said it is seriously considering the new offer but has also received an expression of interest for a possible merger into a Fortune 500 company i... | REGAL INTERNATIONAL <RGL> UPS BELL <BPSIQ> BID |
AZP Group Inc said its subsidiary Arizona Publc Service will redeem on June 1 1987 all of its outstanding shares of its 3.58 dlr cummulative preferred stock Series O 25 dlr par value. The redemption price will be 27.39 dlrs per share plus occurred dividends in accordiance with its terms of the orignal offering the comp... | AZP GROUP <AZP> UNIT REDEEMS PREFERRED STOCK |
Duke Power Co is raising 100 mln dlrs through an offering of first and refunding mortgage bonds due 1997 yielding 7.663 pct said lead manager Morgan Stanley. Morgan led a syndicate that won the bonds at competitive bidding. It bid them at 98.403 and set a 7-1/2 pct coupon and reoffering price of 98.875 to yield 55 basi... | DUKE POWER <DUK> SELLS 10-YEAR MORTGAGE BONDS |
EQK Green Acres LP said cash flow for the first 126 days of its operation ended December 31 was 34.2 cts per unit three cts p*er unit over budget. Reuter | EQK GREEN ACRES LP <EGA> REPORTS CASH FLOW |
Qtly div 26-1/4 cts vs 25 cts prior Pay Aug 14 Record June 30 Reuter | EQK GREEN ACRES LP <EGA> RAISES QUARTERLY |
Enviropact Inc said it purchased two facilities in Miami and Tampa Fla. In Miami its said it bought a 1.9 acre lot with a 12500 square foot facility for 545000 dlrs. In Tampa it said it bought a 13000 square foot facility for 440000 dlrs. Reuter | ENVIROPACT <VIRO> ADDS TWO FACILITIES |
Ogden Corp said a unit won approval from the U.S. Environmental Protection Agency to test a bed combuster a device that burns some hazardous wastes under highly controlled conditions. The company said the approval will allow its Ogden Environmental Services unit to operate a pilot scale model of the device test the res... | OGDEN <OG> DEVICE APPROVED BY U.S. FOR TESTING |
MERCANTILE STORES CO INC 4TH QTR SHR 3.26 DLRS VS 3.17 DLRS | |
Shr loss one ct vs profit 15 cts Net loss 10863 vs profit 176344 Revs 672073 vs 766066 Year Shr loss seven cts vs loss one ct Net loss 77804 vs loss 16627 Revs 1717810 vs 1317402 Reuter | WINLAND ELECTRONICS INC 4TH QTR LOSS |
A study of salmonella poisoning has uncovered new evidence that the common practice of feeding antibiotics to cattle is helping to create deadly bacteria that can infect humans and resist medicines. Researchers at the federal Centers for Disease Control tracked the spread of an unusual strain of salmonella that is resi... | ANTIBIOTICS IN FEED AID DEADLY BACTERIA: STUDY |
EC REJECTS ALL FREE MARKET WHEAT EXPORT OFFERS AT WEEKLY TENDER - TRADERS | |
Great American First Savings Bank is issuing a 15 billion yen eurobond due April 2 1992 paying five pct and priced at 101-3/4 pct lead manager Nikko Securities Co (Europe) Ltd said. The issue is collateralised for 140 to 150 pct by U.S. Government and federal securities and cash to aim for a AAA listing a Nikko officia... | GREAT AMERICAN ISSUES 15 BILLION YEN EUROBOND |
EC AWARDS 123,000 TONNES BARLEY EXPORT LICENCES AT 138.75 ECUS PER TONNE - TRADERS | |
French cereal exports through the port of Rouen fell 6.4 pct to 725023 tonnes during the period February 1 to 25 from 774704 for the period February 1 to 26 last year trade sources said. Main destinations were Saudi Arabia with 158109 tonnes of barley the Soviet Union 147214 of wheat Italy 104704 of wheat Spain 91381 o... | FRENCH CEREAL EXPORTS THROUGH ROUEN FALL |
National Convenience Stores Inc said it expects to report a loss for the third quarter ending March 31 due to continued poor sales in Texas especially in Houston. In last years third quarter National Convenience earned 1788000 dlrs or eight cts per share including a gain of 2883000 dlrs from the sale of 186 stores to a... | NATIONAL CONVENIENCE <NCS> TO HAVE 3RD QTR LOSS |
MARATHON RAISES CRUDE POSTED PRICES 50 CTS A BBL, EFFECTIVE TODAY, WTI AT 17 DLRS/BBL. | |
A presidential commission that has been studying oil imports including their effect on national security is to to make its report soon the White House said. Spokesman Marlin Fitzwater said the panel set up last October to examine U.S. oil import needs would make its report soon probably within the next few weeks. He sa... | REPORT DUE ON OIL IMPORTS AND NATIONAL SECURITY |
CHRYSLER SETS THREE-FOR-TWO STOCK SPLIT, RAISES DIVIDEND | |
Time Management Systems Software Inc said it will receive 2400000 dlrs from Management Technologies Inc <MTI> in exchange for an equity position. The company said the money will be used to service existing and pending contracts as well as the overall anticipated growth of the company. In a separate action Management... | TIME MANAGEMENT SYSTEMS <TMS> TO GET INFUSION |
U.S. COMMERCE DEPT'S ORTNER SAYS YEN IS 10 OR 15 PCT UNDERVALUED | |
Texas Air Corps <TEX> Continental Airlines said its February load factor fell to 60.3 pct from 62.3 pct in February 1986. Revenue passenger miles grew 95.8 pct in February to 2.75 billion from 1.40 billion and 69.7 pct year-to-date to 4.85 billion from 2.86 billion the company said. Available seat miles more than do... | CONTINENTAL AIR FEBRUARY LOAD FACTOR FALLS |
International Lease Finance Corp said it has agreed to lease a new Boeing Co <BA> 757-200 jet and two new McDonnell Douglas <MD> MD-83 jets. The company said the value of the combined transactions totals 71 mln dlrs. The Boing jet will be leased to Monarch Airlines Ltd in five-year 26-mln-dlr transaction and will... | INTERNATIONAL LEASE FINANCE <ILFC> LEASES JETS |
U.S. COMMERCE DEPT'S ORTNER SAYS DOLLAR FAIRLY PRICED AGAINST EUROPEAN CURRENCIES | |
Shr 77 cts vs 76 cts Net 13843000 vs 14478000 Sales 374.6 mln vs 368.3 mln Avg shrs 18003000 vs 19025000 Year Shr 2.16 dlrs vs 2.65 dlrs Net 39503000 vs 51573000 Revs 1.41 billion vs 1.41 billion Avg shrs 18269000 vs 19497000 NOTE: 1986 period ended February One Company changed fiscal yearend to January 31 from October... | BROWN GROUP INC <BG> 4TH QTR JAN 31 NET |
EC AWARDS EXPORT LICENCES FOR 25,000 TONNES MAIZE - PARIS TRADE. | |
Salomon Inc said it elected Gerald Rosenfeld exeuctive vice president and chief financial officer succeeding Ray Golden who left January 31 and has since joined <Trammell Crow Co>. Salomon also said Rosenfeld was named to the new position of chief financial officer of Salomon Brothers where he will oversee its finan... | SALOMON <SB> NAMES ROSENFELD TO NEW POST |
Sapporo Breweries Ltd of Japan is issuing 100 mln Swiss francs of five year notes with a 4-5/8 pct coupon and 100-1/4 issue price lead manager Swiss Bank Corp said. The issue is guaranteed by Fuji Bank. Payment is due March 17. REUTER | SAPPORO BREWERIES ISSUES FIVE YEAR SFR NOTES |
Zambian copper production rose 3.2 pct to 113275 tonnes in fourth quarter 1986 from 109767 in the same 1985 period but sales fell 18.7 pct to 119967 tonnes from 147537 Zambia Consolidated Copper Mines ZCCM said. A spokesman for the government-controlled mining company said the countrys cobalt production fell 24 pct to ... | ZAMBIAN LATE 1986 COPPER OUTPUT UP, SALES DOWN |
Strong winds and high seas today closed Alexandria Egypts biggest port and an oil pipeline terminal nearby officials said. Facilities of the Suez-Mediterranean Arab Petroleum Pipelines Company at Sidi Kreir 32 km southeast of Alexandria were closed this morning after one tanker loaded and sailed. Officials said that fi... | BAD WEATHER CLOSES ALEXANDRIA PORT, OIL TERMINAL |
Shr profit 20 cts vs loss two cts Net profit 2665000 vs loss 202000 Revs 12.1 mln vs 5993000 Year Shr profit 35 cts vs loss 11 cts Net profit 4653000 vs loss 1167000 Revs 35.1 mln vs 18.0 mln NOTE: Current qtr includes gain of 1.1 mln dlrs from tax benefit. Reuter | PEGASUS GOLD INC <PGULF> 4TH QTR NET |
Aceto Corp said its board authorized an extension of a stock buyback program for three years until May 1990. The 200000 share repurchase program initially authorized in May 1984 was due to expire May 1987. Since its inception the company said it has repurchased 35957 shares. Reuter | ACETO <ACET> EXTENDS STOCK REPURCHASE PROGRAM |
Commerce Dept. undersecretary of economic affairs Robert Ortner said that he believed the dollar at current levels was fairly priced against most European currencies. In a wide ranging address sponsored by the Export-Import Bank Ortner the banks senior economist also said he believed that the yen was undervalued and co... | U.S. COMMERCE'S ORTNER SAYS YEN UNDERVALUED |
The European Communitys cereal management committee rejected all bids to export free market soft wheat at todays weekly tender traders said. The committee awarded 123000 tonnes of free market barley export licences at a maximum export refund of 138.75 Ecus per tonne. | EC REJECTS WHEAT EXPORT BIDS, GRANTS BARLEY |
Zayre Corp said sales for the four weeks ended February 28 were up 25.7 pct to 327.0 mln dlrs from 260.2 mln dlrs a year before. Reuter | ZAYRE <ZY> FEBRUARY SALES UP 25.7 PCT |
Corning Glass Works subsidiary Corning International Corp said it agreed to transfer 55 pct of its capital stock of an Argentine glass manufacturer to a European group. It said it will transfer the capital stock of Rigolleau S.A. to the group controlled by Camillo Gancia an Argentine industrialist. The company said the... | CORNING GLASS WORKS <GLW> UNIT TRANSFERS STOCK |
Shr 73 cts vs 60 cts Net 43792000 vs 36480000 Rev 1.78 billion vs 1.34 billion Year Shr 1.49 dlrs vs 1.61 dlrs Net 88974000 vs 94647000 Rev 5.35 billion vs 4.04 billion NOTE: 4th qtr net includes pre-tax gain of 9.7 mln dlrs from sale of real estate and real estate development company. Fiscal 1986 net includes extraord... | ZAYRE CORP <ZY> 4TH QTR JAN 31 NET |
The National Farmers Union NFU remains concerned about the future ownership of British Sugar despite last weeks decision by the government to block bids from Italys Gruppo Ferruzzi and Britains Tate & Lyle Plc. The unions sugar beet committee met yesterday to consider the implications of a government Monopolies and... | FARMERS CONCERNED ABOUT BRITISH SUGAR OWNERSHIP |
Zayre Corp said it plans to open 25 additional Zayre Stores 35 new T.J. Maxx stores and 50 Hit or Miss Shops in 1987. In addition Zayre said it plans to add six new BJs Wholesale Clubs and eight new HomeClubs to its warehouse group. Earlier the company reported 1986 earnings ended January 31 of 89.0 mln dlrs or 1.49 dl... | ZAYRE <ZY> PLANS MORE STORE OPENINGS IN 1987 |
Leaks of a major Dutch official economic forecast due to be published on Monday indicate reduced economic growth and a renewed rise in unemployment this year political and market sources say. Concern over an anticipated fall in Dutch competitiveness this year against a background of an average 2-1/2 pct wage increase z... | DUTCH GROWTH LIKELY TO SLOW, JOBLESS RISE IN 1987 |
Chrysler Corp said its board declared a three-for-two stock split in the form of a 50 pct stock dividend and raised the quarterly dividend by seven pct. The company said the dividend was raised to 37.5 cts a share from 35 cts on a pre-split basis equal to a 25 ct dividend on a post-split basis. Chrysler said the stock ... | CHRYSLER <C> SETS STOCK SPLIT, HIGHER DIVIDEND |
Shares in financial group Cie Financiere de Paribas <PARI.PA> privatised in January will begin trading on the Paris Bourse monthly settlement market on April 23 Frances Association of Stockbrokers said. The shares are currently traded on the immediate settlement market. Reuter | PARIBAS SHARES TO BE QUOTED ON MAIN PARIS MARKET |
Great American First Savings Bank is issuing a 15 billion yen eurobond due April 2 1992 paying five pct and priced at 101-3/4 pct lead manager Nikko Securities Co (Europe) Ltd said. The issue is collateralised for 140 to 150 pct by U.S. Government and federal securities and cash to aim for a AAA listing a Nikko officia... | GREAT AMERICAN ISSUES 15 BILLION YEN EUROBOND |
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