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Texon Energy Corp said it has entered into a preliminary agreement to purchase an 80 pct interest in a privately-held specialty plastics manufacturing company it did not name. Texon said completion of the acquisition is subject to the consent of banks and third parties and the acquisition would be made for promissory n... | TEXON ENERGY <TXON> IN TALKS ON ACQUISITION |
TWA FEBRFUARY LOAD FACTOR RISES TO 56.5 PCT FROM 53.1 PCT YEAR AGO | |
Allied-Signal Incs 49.7 pct owned <Union Texas Petroleum Co> affiliate said it has restated its fourth quarter and full-year losses and revenues to increase the provision for the proposed settlement of a price dispute involving Indonesian liquefied natural gas. It said the restated increases the provision against 19... | ALLIED <ALD> AFFILIATE RESTATES LOSS LARGER |
Shr 12 cts vs 34 cts Net 787000 vs 2250000 Revs 23.6 mln vs 23.6 mln Nine mths Shr 70 cts vs 1.06 dlrs Net 4598000 vs 6974000 Revs 73.1 mln vs 73.6 mln NOTE: Share adjusted for three-for-two stock split in December 1986. Reuter | AMREP CORP <AXR> 3RD QTR JAN 31 NET |
The Reagan administration soon will propose a program of no-fault compensation for people injured by childhood vaccines a senior Treasury Department counsel told the House select revenue measures subcommittee. Within the next few weeks we expect to propose a program that will provide equitable no-fault compensation to ... | U.S. TREASURY OFFICIAL PROMISES VACCINE AID PLAN |
The Music Shop said it signed a stock option agreement with the <Saxon Co> calling for it to receive 100000 dlrs in return for 210 mln shares and an option for Saxon to buy additional common stock for up to 400000 dlrs. The company also said it will hold a special shareholders meeting April 15 to vote on a proposed ... | <THE MUSIC SHOP> SIGNS STOCK OPTION AGREEMENT |
Imperial Chemical Industries PLC expects earnings from its pharmaceuticals operations to grow to about 35 pct of world profits within the next five years compared with a current 30 pct chairman elect Denys Henderson told financial analysts. Over the next five years we expect to launch one major new product each year He... | ICI <ICI> SEES GROWTH IN PHARMACEUTICALS |
SafeCard Services Inc said its board declared a three-for-two stock split and is maintaining the quarterly dividend on post-split shares at the same six cts it now pays for an effective 50 pct increase. Both the split and the dividend are payable April 30 to holders of record March 31. Reuter | SAFECARD SERVICES <SFCD> SETS SPLIT, UPS PAYOUT |
Oper shr profit two cts vs loss 31 cts Oper net 72000 vs loss 1130000 Sales 7896000 vs 9333000 1st half Oper shr profit 32 cts vs profit eight cts Oper net profit 1187000 vs profit 299000 Sales 21.3 mln vs 26.0 mln NOTE: Current year net excludes tax credits of 54000 dlrs in quarter and 945000 dlrs in year. Reuter | WILTON ENTERPRISES INC <WLTN> 2ND QTR JAN 31 NET |
Dutch Social Affairs Minister Louw de Graaf announced he is withdrawing the annual 10 mln guilder labour subsidy for Rotterdams strike-hit general cargo sector as from July 1. Late last month de Graaf said that if the dispute was not settled by Monday this week he would withdraw the subsidy. The chairman of the port em... | ROTTERDAM PORT SUBSIDY TO END JULY 1 - MINISTER |
Trans World Airlines Inc said February load factor rose to 56.5 pct from 53.1 pct a year before. The company said revenue passenger miles rose to 1.95 billion from 1.66 billion a year before and available seat miles rose to 3.45 billion from 3.14 billion. For the year to date the company said load factor rose to 56.4 p... | TWA <TWA> FEBRUARY LOAD FACTOR RISES |
S.A.Y. Industries Inc said it expects a loss of about two mln dlrs in its third quarter ended February 28 from the proposed sale of its Omnilab Inc health care unit. S.A.Y said its board of directors approved the units sale because Omnilab was losing about 140000 dlrs a quarter. We no longer see a near-term prospect fo... | S.A.Y.<SAYI> TO TAKE 3RD QTR LOSS FROM SALE |
DELTA AIR LINES FEBRUARY LOAD FACTOR FALLS TO 54.1 PCT FROM 59.9 PCT | |
The New York Stock Exchange said it is reviewing the eligibility for continued listing of Hecks Incs commonn stock after the company announced that it has filed a voluntary petition under Chapter 11 bankruptcy proceedings. Reuter | NYSE EXAMINES HECK'S <HEX> LISTING STATUS |
Phelps Dodge Corp said it filed a registration statement with the Securities and Exchange Commission for an offering of four mln depositary shares. Each depositary share represents one quarter share of a convertible exchange preference share. The liquidation preference of each depositary share is 50 dlrs. Quarterly div... | PHELPS DODGE <PD> FILES FOR OFFERING |
Shr profit 26 cts vs loss 86 cts Oper net profit 780000 vs loss 2609000 Revs 12.2 mln vs 17.1 mln Year Oper shr profit 5.28 dlrs vs loss 1.11 dlrs Oper net profit 16.1 mln vs loss 3311000 Revs 64.9 mln vs 69.8 mln NOTE: 1986 year net excludes 598000 dlr tax credit. 1986 net includes pretax gains on sale of property of ... | SONESTA INTERNATIONAL HOTELS CORP <SNST> 4TH QTR |
Paradyne Corp said a hearing is scheduled in the Federal District Court in Tampa today for criminal charges against it and eight of its present and former employees. The charges pertain to the 1981 and 1982 Social Security Administration Equipment and Software Development Contracts. Paradyne said it will issue announce... | PARADYNE <PDN> FACING CRIMINAL CHARGES |
Orient-Express Hotels Inc said it reached agreement in principle to sell four hotels and the SeaCo Business Park near Houston for a total consideration of 54 mln dlrs payable 51.8 mln dlrs in cash. The company said it is expected the sales will be concluded within 90 days. The purchasers have asked not to be identified... | ORIENT-EXPRESS <OEH> TO SELL FIVE PROPERTIES |
Delta Air Lines Inc said February load factor fell to 54.1 pct from 59.9 pct a year before. The company said revenue passenger miles rose 4.1 pct to 2.48 billion from 2.39 billion a year before and available seat miles rose 15.3 pct to 4.60 billion from 3.99 billion. For the first two months of calendar 1986 Delta said... | DELTA AIR <DAL> FEBRUARY LOAD FACTOR FALLS |
Shr four cts vs 12 cts Net 248000 vs 647000 Revs 23.7 mln vs 21.9 mln Reuter | <DOMCO INDUSTRIES LTD> 1ST QTR JAN 31 NET |
UAL Incs United Airlines said it is adding flights into Los Angeles International Airport between now and June. United said it will be adding flights between Los Angeles and Phoenix Ariz. Oakland Calif. Sacramento Calif. Chicago and Salt Lake City. Reuter | UAL INC <UAL>'S UNITED AIRLINES ADDS FLIGHTS |
Unicorp American Corp said it has signed a definitive agreement for the previously-announced acquisition of Lincoln Savings Bank. The company said the transaction is still subject to regulatory approvals. Reuter | UNICORP AMERICAN <UAC> ACQUISITION ADVANCES |
First Eastern Corp said it has completed the acquisition of Peoples Bank of Nanticoke Pa. in an exchange of 11 First Eastern shares for each Peoples share. Peoples has assets of about 24 mln dlrs. Reuter | FIRST EASTERN CORP <FEBC> COMPLETES ACQUISITION |
The African Development Bank (ADB) opened a regional office in Rabat which will cover Morocco Algeria Tunisia Egypt Sudan and Somalia. Babacar NDiaye president of the Abidjan-based bank said the regional office headed by Tunisias Hedi Meliane will try to consolidate and diversify Arab-African relations the Moroccan new... | AFRICAN DEVELOPMENT BANK OPENS MOROCCO OFFICE |
Bishop Graphics Inc said it completed the sale of its Newport Beach Art Supply Center to Standard Brands Paint Cos <SBP> Art Store unit. Terms were not disclosed. Bishop also said it has opened a new sales and service office in Irvine Calif. Reuter | BISHOP GRAPHICS <BGPH> COMPLETES STORE SALE |
Striking Brazilian seamen who say they have made idle 158 ships and halted Brazilian exports today held pay talks in Rio de Janeiro with Labour Minister Almir Pazzianotto union officials said. Jorge Luis Leao Franco a senior official of the National Merchant Marine Union told Reuters he was optimistic the talks would l... | STRIKING BRAZILIAN SEAMEN HOLD PAY TALKS |
FED'S JOHNSON SAYS DOLLAR IS VERY CLOSE TO APPROPRIATE EXCHANGE RATE LEVEL | |
FED'S JOHNSON WARNS U.S. BANKS AGAINST EXCESS RIGIDITY IN LDC DEBT TALKS | |
Meridian Diagnostics Inc said it has developed a rapid diagnostic test for endemic or murine typhus infections caused by Rickettsii typhi and transmitted by flea bites. It said the product will be sold to hospitals physicians commerical laboratories and veterinarians by <Integrated Diagnostics Inc>. Reuter | MERIDIAN DIAGNOSTICS <KITS> HAS TYPHUS TEST |
FED'S JOHNSON SEES RISKS BUT NO IMMEDIATE DANGER IN CORPORATE DEBT LOAD | |
MEDIQ Inc said it has filed a statement with the Securities and Exchange Commission to set up its Copelco Financial Services Group Inc unit as a publicly traded leasing company. MEDIQ said it could gain 6.2 mln dlrs on the move. MEDIQ said as part of the move it will offer MEDIQ common and preferred shareholders the ri... | MEDIQ <MED> TO SPIN OFF FINANCIAL SERVICES UNIT |
Qtly div 37-1/2 cts vs 37-1/2 cts prior qtr Pay 1 April Record 16 March Reuter | BROWN GROUP INC <BG> VOTES REGULAR DIVIDEND |
Oper shr profit 11 cts vs loss 2.45 dlrs Oper net profit 3594000 vs loss 81.9 mln Revs 38.5 mln vs 48.2 mln NOTE: 1986 net excludes 68.5 mln dlr gain from debt extinguishment. 1985 net includes 72.0 mln dlr writedown of drilling rigs. Reuter | BLOCKER ENERGY CORP <BLK> YEAR NET |
HITK Corp said its Worldwide 800 SErvices telemarketing unit has added Nipon Electric Co and Murdoch Publishing to its list of clients. Terms were not disclosed. HITK said Nipon will use the service for promotion and sales to hotels and individuals. Murdoch will use the service to sell subscriptions. Reuter | HITK <HITK> ADDS NIPON, MURDOCH TO CLIENTS |
Shr loss 28 cts vs loss 32 cts Net loss 2585000 vs loss 2885000 Sales 27.6 mln vs 23.5 mln Avg shrs 9352000 vs 9049000 1st half Shr loss 63 cts vs loss 94 cts Net loss 5867000 vs loss 8405000 Sales 51.9 mln vs 43.7 mln Avg shrs 9349000 vs 8966000 NOTE: Prior year net includes tax credits of 1827000 dlrs in quarter and ... | LTX CORP <LTXX> 2ND QTR JAN 31 LOSS |
YEUTTER SAYS U.S. BUDGET DEFICIT REDUCTION KEY TO TRADE DEFICIT SOLUTION | |
Shr 40 cts vs 25 cts Net 1369602 vs 628193 Revs 12.5 mln vs 4909369 Avg shrs 3460217 vs 2610913 Year Shr 97 cts vs 54 cts Net 2952830 vs 1414369 Revs 37.0 mln vs 13.5 mln Avg shr 3031494 vs 2609313 Note: Prior qtr and year per share figures restated for 10 pct stock dividend of December 1986. Reuter | CALPROP CORP <CPP> 4TH QTR NET |
Shr one ct vs nil Net 9949000 vs 3799000 Revs 15.5 mln vs 13.5 mln Reuter | SIS CORP <SISB> YEAR NET |
Qtly div 30 cts vs 30 cts prior Pay March 31 Record March Five Reuter | AMOSKEAG CO <AMOS> SETS QUARTERLY |
Qtly div 22 cts vs 22 cts prior Pay April 30 Record April 10 Reuter | MEDTRONIC INC <MDT> SETS QUARTERLY |
CANADA 91-DAY T-BILLS AVERAGE 7.29 PCT, MAKING BANK RATE 7.54 PCT | |
Shr loss 46 cts vs loss 1.17 dlrs Net loss 4990000 vs loss 12.8 mln Revs 47.0 mln vs 42.3 mln Year Shr loss 3.08 dlrs vs loss 1.28 dlrs Net loss 33.7 mln vs loss 13.3 mln Revs 132.8 mln vs 132.5 mln Avg shrs 10.9 mln vs 10.4 mln NOTE: Includes losses of 501000 vs 83000 in qtr and 2.2 mln vs 83000 in year from equity of... | SCITEX CORP <SCIXF> 4TH QTR LOSS |
<Energy Optics Inc> said it has been selected by the U.S. Navy to develop a low cost optical triangulation system. Energy Optics said the Navy awareded a Phase I contract to investigate various analog and digital design alternatives and select the best for development and demonstration of a prototype. The companys s... | ENERGY OPTICS TO DEVELOP RANGE-FINDER FOR ROBOT |
Stanley Works said it has acquired Acme Holding corp a maker of sliding and folding door hardware and the designs patents and other righs of Plan-A-Flex Designer Co which provides kits for home design and remodeling projects. It said Acme had 1986 sales of over 50 mln dlrs. Terms were not disclosed. Reuter | STANLEY WORKS <SWK> MAKES ACQUISITIONS |
The New York Stock Exchange said it sold 17 seats on the New York Futures Exchange three for 200 dlrs unchanged from the previous sale on February 25 and 14 for 100 dlrs down 100 dlrs. The Exchange said the current bid is 100 dlrs and the current offer is 300 dlrs. Reuter | NYSE SELLS 17 NYFE SEATS |
Qtly div 7-1/2 cts vs 7-1/2 cts prior Pay April 10 Record March 27 Reuter | ANITEC IMAGE TECHNOLOGY CORP <ANTC> SETS PAYOUT |
Qtly div 45 cts vs 45 cts prior Pay March 31 Record March 20 Reuter | GREEN MOUNTAIN POWER CORP <GMP> SETS QUARTERLY |
Qtly div eight cts vs eight cts prior Pay May 11 Record April 24 Reuter | DUAL-LITE INC <MDT> SETS QUARTERLY |
Federal Reserve Board Vice Chairman Manuel Johnson said that some U.S. banks have been too rigid in talks with lesser developed countries on debt refinancings and warned that a breakdown of the renegotiation process could be harmful. There have been some difficulties in those negotiations ... banks have sometimes been ... | FED'S JOHNSON WARNS U.S. BANKS ON LDC RIGIDITY |
Oper shr profit 14 cts vs loss 31 cts Oper net profit 374000 vs loss 707000 Revs 19.1 mln vs 15.5 mln Avg shrs 2610000 vs 2560000 Year Oper shr profit 20 cts vs loss 69 cts Oper net profit 530000 vs loss 1376000 Revs 69.1 mln vs 64.3 mln Avg shrs 2603000 vs 2565000 NOTE: Excludes gain of 309000 dlrs vs loss 72000 dlrs ... | SCIENCE MANAGEMENT CORP <SMG> 4TH QTR OPER NET |
Federal Reserve Board Vice Chairman Manuel Johnson said the rapid recent growth in corporate and household debt burdens posed risks to the economy but should be kept in perspective. The heavy debt load is one of our major concerns ... the risks are significant he said in response to questions from the Eastern Economic ... | FED'S JOHNSON SEES RISKS IN DEBT LOAD GROWTH |
A reduction of the U.S. federal budget deficit will be needed to help eliminate the nations huge trade deficit U.S. trade representative Clayton Yeutter said. Speaking to the New York Chamber of Commerce and Industry Yeutter said Capital and trade flows are clearly inter-releated now. Unless we get the budget deficit d... | YEUTTER SAYS BUDGET CUT KEY TO BETTER U.S. TRADE |
Oper shr 1.18 dlrs vs 58 cts Oper net 2266000 vs 1037000 Revs 45.8 mln vs 41.4 mln Avg shrs 1924000 vs 1800000 NOTE: Excludes gain of 73000 dlrs vs 290000 dlrs from benefit of tax loss carryforward. Results for Tel Aviv Israel-based company translated at rate of one dlr to 1.485 new Israeli shekels. Reuter | CARMEL CONTAINER SYSTEMS LTD<KML> YEAR OPER NET |
The highly visible drama involving the yens sharp rise against the U.S. Dollar is obscuring the fact that the Japanese currency has hardly budged against major European currencies thus creating a new set of exchange rate distortions Japanese and European research officials said. The officials looking beneath the rhetor... | NEW CURRENCY PROBLEM SEEN AMONG U.S, EUROPE, JAPAN |
World Bank president Barber Conable said he believed that Brazil would come up with a medium term economic plan and that the current debt moritorium would be temporary. Speaking briefly to reporters following an address before the Export-Import Bank Conable said that the bank had been urging the Brazilian government to... | WORLD BANK HEAD SAYS BRAZIL MORATORIUM TEMPORARY |
Polydex Pharmaceuticals Ltd <POLYXF> said the Canadian unit of American Home Products Corps Ayerst Labs subsidiary will probably receive marketing and distribution rights to its cholesterol lowering drug Dexide now in clinical trials in Canada. George Usher president of Dextran Products Limited the Canadian subsidia... | AMERICAN HOME <AHP> UNIT TO GET RIGHTS TO DRUG |
Tandem Computers Inc said it expects higher earnings and revenues in its second fiscal quarter ending March 31 against a year ago. We feel we will continue to see higher growth in the quarter James Treybig president and and chief executive officer told a meeting of securities analysts. In the second fiscal quarter last... | TANDEM COMPUTERS <TNDM> SEES HIGHER NET |
FED'S JOHNSON SAYS HE DOES NOT SEE INCREASING PRESSURE ON INTEREST RATES | |
Australia accused the U.S. of increasing protectionism on agricultural products and called for an end to Washingtons special 32-year exemption from certain GATT rules on agricultural trade. Robert Arnott Australias delegate to the General Agreement on Tariffs and Trade (GATT) made the appeal at a special annual meeting... | AUSTRALIA ATTACKS U.S. GATT FARM RULES EXEMPTION |
Freymiller Trucking inc said it has filed for an initial public offering of one mln common shares including 250000 to be sold by its principal shareholder. Lead underwriters are Alex. Brown and Sons Inc <ABSB> and Bateman Eichler Hill Richards Inc. Freymiller is a long-haul truckload carrier specializing in temperat... | <FREYMILLER TRUCKING INC> SETS INITIAL OFFER |
Manor Care Inc said vice chairman Stewart Bainum Jr. 40 has been named chairman and chief executive officer succeeding his father Stewart Bainum Sr. 67 who becomes vice chairman and chairman of the finance committee. Reuter | MANOR CARE <MNR> NAMES NEW CHAIRMAN |
Volkswagen AG <VOWG.F> expects currency factors to cause a further drop in its U.S. Sales in 1987 following a 5.2 pct sales decline in the United States in 1986 board member Karl-Heinz Briam said. Briam who described the current situation of the U.S. Market as critical also said VW was uncertain whether it would be ... | VW EXPECTS FURTHER FALL IN U.S. SALES IN 1987 |
Freeport-McMoran Gold Co (FMG) a unit of Freeport-McMoran Inc <FTX> said it will explore and develop gold properties in Canada in a joint venture with <Aber Resources Ltd> and <Highwood Resources Ltd> both Canadian companies. FMG said the area is located on the Bugow property on the northeast arm of Great Slav... | FREEPORT-MCMORAN GOLD <FAU> IN JOINT VENTURE |
Charles Haughey leader of the Irish party Fianna Fail said if he becomes prime minister following last months Irish general election he will seek the advice of the EC Commission on management of the countrys 24 billion punt foreign debt. Haughey told a news conference he is confident of being asked to form a government... | HAUGHEY TO SEEK EC ADVICE ON IRISH DEBT |
First Union Corp said it has agreed to acquire First State Bancshares Inc of Pensacola Fla. and its First State Bank of Pensacola subsidiary for about 457000 common shares. First State has assets of about 110 mln dlrs. The acquisition expected to be treated as a pooling of interests is expected to be completed in the t... | FIRST UNION <FUNC> TO BUY FLORIDA BANK |
Oppenheimer and Co analyst Robert McAdoo raised his 1987 earnings estimate for NWA Inc parent of Northwest Airlines following a strong quarterly report by the company yesterday according to Oppenheimer market strategist Michael Metz. NWA shares rose 1-5/8 to 74-3/8 in active trading. McAdoo raised his 1987 estimate to ... | OPPENHEIMER RAISES NWA <NWA> EARNINGS ESTIMATE |
A House Agriculture Committee meeting later today to draft a disaster aid bill is expected to spark a debate between lawmakers who want to expand the 0/92 or de-coupling provision to cover feedgrains and those who oppose 0/92 or want it severely limited Congressional sources said. The disaster aid bill as it now stands... | HOUSE 0/92 FARM PROPOSAL SEEN SPARKING DEBATE |
J.C. Penney Co said it will sell telemarketing services to other companies through a newly established wholly-owned subsidiary Telemarketing Network Inc. The New York-based subsidiary will use a network of 14 telemarketing centers Penney has already established. The centers are part of its catalog marketing operation. ... | PENNEY <JCP> TO SELL TELEMARKETING SERVICES |
Zehntel Inc said it filed a registration statement with the Securities and Exchange Commission covering a proposed public offering of 13.5 mln dlrs principal amount of convertible subordinated debentures. The offering will be managed by Sutro and Co Inc Zehntel said. It said proceeds from the proposed sale will be used... | ZEHNTEL <ZNTL> FILES FOR DEBT OFFERING |
Yellow Freight System Inc said its expects 1987 first quarter profits to be substantially below the 14.2 mln dlrs or 50 cts a share earned in the same period a year ago. Revenues have been depressed by recent price discounting added costs from expansion programs lower shipping volumes and increased costs associated wit... | YELLOW FREIGHT <YELL> SEES LOWER 1ST QTR NET |
Novacor Inc a unit of <Nova an Alberta Corp> said it would raise prices for U.S. customers by five cts a pound on linear low-density and low-density polyethylene effective April 1. The company did not immediately disclose the actual new prices. A Novacor official later said in reply to an inquiry that the new prices... | NOVA SUBSIDIARY RAISES U.S. POLYETHYLENE PRICES |
General Motors Corp said it is closing two plants for brief periods in March placing 5500 on temporary layoff for up to two weeks. The company said its Hamtramck Buick-Oldsmobile-Cadillac assembly plant in Detroit will be down from March 9 to March 16 due to excess inventory of several models placing 2000 workers on te... | GM <GM> CLOSING TWO PLANTS TEMPORARILY |
Bankers Trust Co is raising 200 mln dlrs through an offering of subordinated equity contract notes due 1997 with an eight pct coupon and par pricing said lead manager Shearson Lehman Brothers Inc. That is 87 basis points more than the yield of comparable Treasury securities. Non-callable to maturity the issue is rated ... | BANKERS TRUST <BT> SELLS EQUITY CONTRACT NOTES |
The 20 pct stake in Moulinex SA <MOUP.PA> sold by <Scovill Inc> of the U.S. Was spread among at least 50 institutional investors worldwide a spokesman for brokers James Capel said. Capel handled the deal. The buyers were based in centers ranging from Europe to North America and Japan he added. Moulinexs capital i... | MOULINEX STAKE SOLD TO SOME 50 INSTITUTIONS |
Carl Icahns bold takeover bid for USAir Group <U> has clouded the fate of Piedmont Aviation Inc which was being courted by USAir. Yesterday Icahns Transworld Airlines Inc <TWA> made a 1.4 billion dlr offer for USAir Group. The move complicated a USAir takeover offer for Piedmont which was believed to be close to ... | TALKING POINT/PIEDMONT <PIE> |
Baker International Corp treasurer Eric Mattson said the company hoped to iron out snags in a proposed merger with Hughes Tool Co <HT> but declined to say if or what compromises might be acceptable to it. The proposed merger that would create a 1.2 billion dlr oilfield services company was thrown into limbo yesterda... | BAKER INT'L <BKO> HOPES TO COMPLETE MERGER |
LUCKY STORES INC REINSTATES QUARTERLY DIVIDEND AT 12.5 CTS PER SHARE | |
Eastern Airlines Inc said its February load factor rose 6.73 percentage points to 64.91 pct from 58.18 pct a year ago. The company said February revenue passenger miles rose 21.8 pct to 3.02 billion from 2.48 billion a year ago. Available seat miles in the month of February rose 9.2 pct to 4.66 billion from 4.27 billio... | EASTERN AIRLINES <EAL> FEBRUARY LOAD FACTOR UP |
Homestead Financial Corp said it has increased the dividend on its Class A common shares to 6-1/4 cts a share from five cts prior while declaring an initial dividend on its Class B common stock of 3-3/4 cts a share. Homestead said the two classes of stock emerged as part of its recapitalization plan which also doubled ... | HOMESTEAD FINANCIAL <HFL> UPS CASH DIVIDEND |
Oper shr 52 cts vs 51 cts Oper net 626013 vs 613127 Sales 4544929 vs 4402572 NOTE: Earnings exclude extraordinary securities loss of 29532 dlrs or two cts a share vs a gain of 81358 dlrs or seven cts a share Reuter | ELECTRO-SENSORS INC <ELSE> YEAR OPER NET |
The chairman of TRW inc said his company had overcharged the government on defense contracts but promised to prevent the improper conduct from recurring. There were a number of instances of mischarging and other irregularities in TRWs defense contracting business TRW chairman Ruben Mettler said in testimony to the Hous... | TRW <TRW> PROMISES TO CORRECT CONTRACT PRACTICES |
China has added 90000 tonnes of U.S. wheat to its purchases for delivery in the 1987/88 season and cancelled 30000 tonnes of wheat purchases for delivery in the 1986/87 season the U.S. Agriculture Department said. According to the departments Export Sales Report covering transactions in the week ended February 26 China... | CHINA ADDS, CANCELS WHEAT COMMITMENTS - USDA |
Opec Conference President Rilwanu Lukman said the group was producing well below the 15.8 mln bpd ceiling it set in December partly because liftings had been delayed or postponed by customers unwilling to pay fixed Opec prices. Lukman during a brief visit to London on his way home from Jamaica told Reuters in a telepho... | OPEC PRESIDENT SAYS OUTPUT WELL BELOW CEILING |
Federal Reserve Board Vice Chairman Manuel Johnson said he does not see increasing pressure on interest rates but said the Fed would watch out for developments that could push them higher. Johnson said that it was too early to tell if recent indicators on the economy contradicted Fed expectations of continued modest gr... | FED'S JOHNSON SEES INTEREST RATES STABLE |
Qtly div 12.5 cts vs nil Pay April 3 Record March 16 Note: in quarters preceeding 4th qtr dividend was 29 cts. Reuter | LUCKY STORES INC <LKS> REINSTATES QUARTERLY DIV |
Oper shr 1.18 dlrs vs 58 cts Oper net 2266000 vs 1037000 Revs 45.8 mln vs 41.4 mln Avg shrs 1924000 vs 1800000 NOTE: Excludes gain of 73000 dlrs vs 290000 dlrs from benefit of tax loss carryforward. Results for Tel Aviv Israel-based company translated at rate of one dlr to 1.485 new Israeli shekels. Reuter | CARMEL CONTAINER SYSTEMS LTD<KML> YEAR OPER NET |
House Majority leader Thomas Foley (D-Wash.) has urged Congress to give the farm credit system a few more months to reorganize itself before rushing into a federal rescue of the system a senior aide to Foley said. Gene Moos agricultural aide to the Majority leader told Reuters that while Foley believes action will be n... | U.S HOUSE LEADER URGES FARM CREDIT RECUE CAUTION |
Rep. John LaFalce D-N.Y. has introduced a bill to create an international debt adjustment facility to deal with third world debt. He said in a statement the facility would purchase debt of a debtor nation at a discount and then sell the loans to private investors. LaFalce said the facility could use funds of the World ... | BILL PROPOSED ON INTERNATIONAL DEBT FACILITY |
Over 750000 head of cattle are suffering the effects of a severe shortage of feed as a result of a prolonged drought in the normally rich sugar and cattle producing province of Camaguey the newspaper Granma reported. The province produces 23 pct of Cubas beef and is the islands number two province in milk production. G... | CUBAN CATTLE THREATENED BY DROUGHT |
The Commerce Department on Monday will set final dumping duties on frozen orange juice from Brazil department officials said. A preliminary duty of 8.54 pct was set last Oct 17 on the imports which run at about 700 mln dlrs a year. Commerces ruling on Monday will reset the duties on the basis of more detailed cost info... | U.S. TO SET ORANGE JUICE DUTIES MONDAY |
Qtly div 40 cts vs 40 cts Pay April 10 Record March 25 Reuter | LONGVIEW FIBRE CO <LFBR> QUARTERLY DIVIDEND |
Calny Inc director and former president and chief executive officer said he is resigning from Calnys board because of the companys recently announced lawsuit against Pepsico Inc <PEP> and its La Petite Boulangerie. In a statement Larvive said the suit is a lose-lose situation for Calny which is the only franchisee f... | CALNY <CLNY> DIRECTOR RESIGNS OVER LAWSUIT |
Shr 13 cts vs eight cts Net 1364712 vs 881082 Rev 11.6 mln vs 11.5 mln NOTE: Qtr includes extraordinary gain of 586826 dlrs or six cts a share versus 183850 dlrs or two cts a share in fiscal 1986s first qtr. Reuter | BEI HOLDINGS LTD <BEIH> 1ST QTR JAN 31 NET |
Endevco Inc said it has agreed to acquire a 17.5-mile 16-inch pipeline in Marion and Pearl River Counties Mississippi for undisclosed terms. The company said the pipeline was recently constructed from the Poplarville gas field in Pearl River County to a proposed interconnect with a pipeline operated by Occidental Petro... | ENDEVCO <EI> AGREES TO BUY MISSISSIPPI PIPELINE |
Norfolk Southern Corp said it completed the purchase of 112 mln tons of recoverable coal reserves in Pike County Ky. from Rouge Steel a unit of Ford Motor Co <F>. Norfolk Southern said the deal involves about 30000 acres of coal bearing properties that will be administered by the companys Pocahontas Land Corp unit. ... | NORFOLK SOUTHERN <NSC> COMPLETES COAL PURCHASE |
Qtly div 65-1/2 cts vs 65-1/2 cts prior Pay April 15 Record March 19 Reuter | ATLANTIC CITY ELECTRIC CO <ATE> SETS PAYOUT |
Qtly div 15 cts vs 15 cts previously Pay May 29 Record May Eight Reuter | KEMPER CORP <KEMC> REGULAR PAYOUT SET |
FFB Corp parent of the First Federal Bank of Connecticut FSB said it declared an initial quarterly dividend of five cts per share. The company said the dividend is payable March 31 to holders of record March 17. Reuter | FFB <FFCT> SETS INITIAL QUARTERLY DIVIDEND |
General Motors Corp said it plans to offer driver-side airbags as standard equipment on 500000 cars in the 1990 model year and up to three mln by 1992 if a federal safety rule is relaxed for domestic automakers. A GM spokesman said the statement comes in advance of a congressional hearing tomorrow in Washington on a pr... | GM <GM> TO OFFER AIRBAGS, WANTS RULES RELAXED |
Radtech Inc said its board has removed Ronald G. Williams as chairman and chief executive officer and has elected President Samuel A. Francis chief exeuctive officer. Williams is the majority owner of <Forum Cos Inc>. On December 12 Radtech exchanged 10 mln of its shares for 20000 Forum shares. Of the 10 mln 7.5 mln... | RADTECH <RADT> BOARD REMOVES CHAIRMAN |
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