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UNION CARBIDE SAYS 1986 LONG-TERM DEBT WAS 3.06 BILLION DLRS VS 1.71 BILLION in 1985 | |
UNION CARBIDE SAYS OPERATING PROFITS FOR 4th qtr WERE 181 MLN DLRS VS LOSS THREE MLN DLRS | |
MONEY MARKET FUND ASSETS ROSE 552.5 MLN DLRS IN LATEST WEEK TO 237.46 BILLION | |
<Toronto Dominion Bank> will hold a news conference tomorrow to make a major announcement about its Green Line Investor Service which provides discount brokerage services to customers a bank spokesman said. The spokesman declined further comment except to say bank president Robert Korthals would be available to answ... | TORONTO DOMINION PLANS GREEN LINE ANNOUNCEMENT |
Combined International Corp should have another strong year President Patrick G. Ryan told analysts although he declined to forecast earnings specifically. In 1986 the company reported operating income of 5.51 dlrs a share up from 4.84 dlrs a share a year earlier. Revenues increased to 1.81 billion dlrs from 1.36 billi... | COMBINED INTERNMATIONAL <PMA> SEES STRONG 1987 |
Finance Minister Michael Wilson said large inflows of capital into Canada principally into the countrys bond market is a major reason behind the sharp recovery in the Canadian dollar. He said the inflow of funds mainly from Japan Europe and the United States is the result of confidence in the direction this country is ... | CANADA DLR DRIVEN BY FOREIGN BUYERS - WILSON |
Ford Motor Credit Co a unit of Ford Motor Co is raising 250 mln dlrs via an offering of notes due 1990 yielding 6.95 pct said lead underwriter Goldman Sachs. The notes have a 6-7/8 pct coupon and were priced at 99.80 to yield 47 basis points more than comparable Treasury securities. Non-callable for life the issue is r... | FORD <F> CREDIT UNIT SELLS NOTES AT 6.95 PCT |
Sumitomo Trust and Banking Co Ltd is offering 100 mln dlrs of certificate of deposit notes due 1992 yielding 7.28 pct said sole manager Shearson Lehman Brothers Inc. The notes have a 7-1/4 pct coupon and were priced at 99.875 to yield 61 basis points more than comparable Treasury securities. Non-callable to maturity th... | SUMITOMO TRUST SELLS CD NOTES AT 7.28 PCT |
Shr nine cts vs three cts Net 549000 vs 72000 Rev 7.0 mln vs 2.8 mln Year Shr 49 cts vs 32 cts Net 2441000 vs 801000 Rev 19.6 mln vs 9.7 mln Reuter | CHARTWELL GROUP LTD <CTWL> 4th qtr net |
Pitt-Des Moines Inc said it will acquire <Chicago Steel Corp> in exchange for a portion of its stock. Reuter | PITT-DES MOINES INC <PDM> TO ACQUIRE STEEL UNIT |
Giant Bay Resources Ltd said a metallurgical study of its Gordon Lake gold deposit indicated an overall recovery of 95 pct to 96 pct of the gold can be achieved by either direct cyanidation of ore or flotation followed by cyanidation of concentrate. Continuation of an underground program on the property will begin in J... | GIANT BAY <GBYLF> DETAILS GORDON LAKE DEPOSIT |
Alltel Corp is raising 50 mln dlrs through an offering of debentures due 2022 yielding 8.90 pct said lead manager Merrill Lynch Capital Markets. The debentures have an 8-7/8 pct coupon and were priced at 99.726 to yield 135 basis points over the off-the-run 9-1/4 pct Treasury bonds of 2016. Non-callable for five years ... | ALLTEL <AT> DEBENTURES YIELD 8.90 PCT |
Evans and Sutherland Computer Corp said it filed with the Securities and Exchange Commission a registration statement covering a 50 mln dlr issue of convertible subordinated debentures due 2012. Proceeds will be used for working capital Evans and Sutherland said. The company named Hambrecht and Quist Inc as lead underw... | EVANS/SUTHERLAND <ESCC> FILES FOR DEBT OFFERING |
Manor Care Inc said its chairman and chief executive officer Stewart Bainum Sr. has resigned his post. The company said he is being replaced by his son Stewart Bainum Jr. who has served as vice chairman the past five years. Bainum Sr. was the founder of Manor Care a nursing home and hotel operator. Reuter | MANOR CARE INC <MNR> CHAIRMAN RESIGNS |
Northern Indiana Public Service Co said its five-year construction budget for 1987-1991 will be 793 mln dlrs almost all of which will be internally generated. The utility said in its 1986 annual report that this budget primarily for electric and gas equipment and facilities is some 57 mln dlrs lower than its estimate a... | NIPSCO <NI> OUTLAYS TO BE INTERNAL FUNDS |
Atlantic City Electric Co said it will redeem all of its outstanding 5-7/8 pct cumulative convertible preferred stock. The stock will be redeemed April 30 at the scheduled redemption price of 101.50 dlrs a share plus accrued and unpaid dividends. The shares are also convertible until the redemption date into common sto... | ATLANTIC CITY ELECTRIC <ATE> TO REDEEM STOCK |
Top U.S. and European farm trade and government representatives called for a sweeping reform of world agriculture to redress a critical demand and supply imbalance. Speakers at a conference on world agricultural markets here demonstrated a growing U.S.-European consensus on the need for an urgent and collective overhau... | CONSENSUS BUILDS FOR WORLD AGRICULTURAL REFORM |
Northgate Exploration Ltd said it appointed John Kearney as president of the company effective immediately. A company spokesman said Patrick Hughes who previously was both president and chairman will continue as chairman and chief executive officer. Kearney had been executive vice-president of Northgate. Reuter | NORTHGATE <NGX> NAMES NEW PRESIDENT |
Rexcom Systems Corp said it agreed to buy all the assets of Postech Inc from Comtech Group International Ltd a Canadian computer service company for 70 pct of Rexcoms voting shares. The purchase will be for Rexcom common and preferred stock. Postech the Canadian firms U.S. marketing arm sells computerized restaurant ma... | REXCOM <RXSC> TO ACQUIRE MARKETING FIRM |
The Agricultural Stabilization and Conservation Service (ASCS) bought 2.3 mln pounds of peanut products at a cost of 2.1 mln dlrs and 7.4 mln pounds of vegetable oil/shortening for 2.0 mln dlrs for domestic distribution April 1-15 and April 16-30 an ASCS spokesman said. Reuter | ASCS BUYS PEANUT PRODUCTS, VEG OIL/SHORTENING |
Shr 17 cts vs 84 cts Net 709000 vs 3605000 Rev 86.4 mln vs 87.0 mln Year Shr 1.79 dlrs vs 1.10 dlrs Net 7452000 vs 4695000 Rev 362.8 mln vs 316.0 mln NOTE: 1986 net includes gains from sale of non-operating assets of 800000 dlrsm versus 1.2 mln dlrs in 1985. 1985 net includes nonrecurring cost of 2.6 mln dlrs and provi... | GENERAL REFRACTORIES CO <GRX> 4TH QTR NET |
Federated Department Stores Inc said Norman Matthews has been elected president and chief operating officer. Matthews has been vice chairman of the company since 1984 and corporate executive vice president prior to that post the company said. The presidents position has been vacant since 1982 it added. Federated also s... | FEDERATED DEPARTMENT STORES <FDS> GETS OFFICERS |
Venezuelas recent agreement with its creditor banks reprograms six billion dlrs of its 21 billion dlr public sector foreign debt rescheduling and reduces repayments due between 1987 and 1992 Finance Minister Manuel Azpurua said. Azpurua was commenting in a television interview on Fridays agreement to lower the interest... | VENEZUELA WILL REPROGRAM SIX BILLION DLRS IN DEBT |
MOODY'S MAY DOWNGRADE DUQUESNE LIGHT CO'S TWO BILLION DLRS OF DEBT SECURITIES | |
A House Agriculture Committee meeting to draft a disaster aid bill containing a controversial 0/92 provision has been postponed until next Tuesday committee staff members announced. The bill contains a provision implementing a 0/92 acreage reduction plan for 1986 wheat and 1987 winter wheat thereby making payments avai... | HOUSE 0/92 FARM PLAN MARKUP DELAYED TILL TUESDAY |
Pacific Southwest Airlines said its average load factor during February was 54.9 pct down from 56.1 pct a year earlier. In the first two months of the year the load factor totaled 51.5 pct down from 54.0 pct a year ago. Revenue passenger miles in February totaled 327.6 mln compared to 295.5 mln. So far this year revenu... | PACIFIC SOUTHWEST AIRLINES <PSWA> LOAD FACTOR |
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 while Foley believes action will be necess... | FARM CREDIT RESCUE CAUTION URGED BY HOUSE LEADER |
Union Carbide Corp said its 1986 long term debt was 3.06 billion dlrs compared to 1.71 billion dlrs in 1985. The company released its audited 1986 results. The company also said its long term debt was reduced by about 1.5 billion dlrs from the third quarter to the end of the year by asset sales and equity offerings. Un... | UNION CARBIDE <UK> SAYS LONG TERM DEBT RISES |
Shr loss 49 cts vs loss 1.36 dlrs Net loss 928835 vs loss 1648665 Year Shr loss 33 cts vs loss 4.21 dlrs Net loss 593533 vs loss 4970951 Assets 203.9 mln Loans 151.5 mln Deposits 192.0 mln Note: 1986 loss included non-recurring expenses of 1275000 dlrs comprised of asset write-downs legal proceeding and a 930000-dlr pr... | FIRST COMMERCIAL BANCORP <FCOB> 4TH QTR LOSS |
Eurotunnel the Anglo-French channel tunnel consortium will offer potential backers a wide choice of ways to invest in a planned 750 mln stg capital issue later this year co-Chairman Alastair Morton said. Speaking to reporters after a shareholders meeting he said Eurotunnel would offer a menu of securities designed to o... | EUROTUNNEL TO OFFER CHOICE OF INVESTMENTS |
Cabot Medical Corp said it has introduced a new high flow insufflator for laparoscopy a minimally invasive form of adominal surgey. The company said the KLI high-Flow Insufflator has features and capabilities which were previously available only in insuffulators costing three to four times as much. Labaroscopy procedur... | CABOT MEDICAL <CBOT> HAS LASER SURGERY ACCESSORY |
Kurt Wulff oil analyst at Donaldson Lufkin and Jenrette Securities said he has retired from the brokerage firm and will work as a consultant to the firm. Wulff said he also plans to start a money management firm. As a consultant to Donaldson Lufkin Wulff will continue to give advice on oil stock values to DLJ clients. ... | ANALYST TO START MONEY MANAGEMENT FIRM |
Shr 23 cts vs 28 cts Net 8877000 vs 9530000 Revs 342 mln vs 278.9 mln Avg shrs 39.4 mln vs 34 mln Year Shr 1.91 dlrs vs 1.62 dlrs Net 70.5 mln vs 50.5 mln Revs 1.3 billion vs 990.5 mln Avg shrs 37 mln vs 31.3 mln NOTE: On Dec one 1986 company acquired Holt Rinehart and Winston and W.B. Saunders and The Dryden Press and... | HARCOURT BRACE JOVANOVICH INC <HBJ> 4TH QTR NET |
Lone Star Industries Inc said it has agreed to acquire ready-mixed concrete and aggregates businesses from <Riedel International Inc> of Portland Ore. for an undisclosed amount of cash. Lone Stars one sentence statement gave no further details and company spokesmen were not available. Reuter | LONE STAR<LCE> AGREES TO BUY CONCRETE OPERATIONS |
Shell Francaise <SFMF.PA> a subsidiary of <Shell Petroleum NV> returned to the black last year for the first time since 1982 with parent company net profit of 43 mln francs against losses of 968 mln in 1985 and 1.07 billion in 1984. In 1982 it posted a profit of 329 mln. The company said in a statement that cash ... | SHELL FRANCAISE RETURNS TO PROFIT IN 1986 |
Brazil has suspended the importation of 500000 tonnes of maize ordered last year because of the excellent domestic maize harvest expected this year Agriculture Minister Iris Resende said. The Agriculture Ministry expects a record maize crop of 27.7 mln tonnes a 36 pct increase on last years crop of 20.3 mln tonnes. Bra... | BRAZIL SUSPENDS IMPORT OF 500,000 TONNES MAIZE |
Shr loss 28 cts vs loss 29 cts Net loss 584100 vs loss 459500 Sales 1339800 vs 16390800 Year Shr loss 64 cts vs loss 79 cts Net loss 1314700 vs loss 1237100 Sales 7249600 vs 6311500 Reuter | FAIRMOUNT CHEMICAL CO INC <FMTC> 4TH QTR LOSS |
VMS Hotel Investment Trust said it agreed to fund a 19.4 mln dlr secured loan for the Santa Barbara Biltmore Hotel in Santa Barbara Calif. It said the financing will be applied toward renovating and refurbishing the hotel. Separately VMS Short Term Income Trust <VST> said it agreed to fund or extend four loans total... | VMS HOTEL <VHT> APPROVES 19.4 MLN DLR LOAN |
Profit TEchnology INc said it will produce an eletronic summary of LOTUS 1-2-3 Simplified a leading textbook for the industry-standard spreadsheet program. Terms of the agreement between Profit Technology the books author David Bolocan and the publisher Tab Books INc were not disclosed. The electronic version of the bo... | PROFIT TECHNOLOGY <PRTE> TO MAKE LOTUS PROGRAM |
Qtly div 19 cts vs 19 cts in prior qtr Payable May one Record April two Reuter | HUMANA INC <HUM> REGULAR DIVIDEND |
U.S. COMMERCIAL PAPER FALLS 1.27 BILLION DLRS IN FEB 25 WEEK, FED SAYS | |
N.Y. BUSINESS LOANS RISE 523 MLN DLRS IN FEB 25 WEEK, FED SAYS | |
Edison Brothers Stores Inc said its February sales rose 5.6 pct to 56.7 mln dlrs from 53.7 mln dlrs a year ago. For the eight weeks ended February 28 it said sales increased to 109.4 mln dlrs from 109.3 mln dlrs. Reuter | EDISON BROTHERS STORES <EBS> FEBRUARY SALES UP |
<VMS Realty Partners> said three of its investment subsidiaries will fund or extend loans totalling approximately 97 mln dlrs for various properties in California. The company said its its VMS Short Term Trust <VST> unit agreed to fund or extend four loans totalling 70.9 mln dlrs. It also said its VMS Hotel Inves... | VMS REALTY PARTNERS UNITS COMMIT TO LOANS |
Delegates at the American Pork Congress in Indianapolis elected Tom Miller of Maricopa Ariz as the new president of the National Pork Producers Council (NPPC). Miller who was vice president of the NPPC the past two years replaces Ron Kahle who served the maximum two-year term as president the NPPC said. Miller said the... | NPPC ELECTS NEW PRESIDENT |
Mitel Corp said it awarded exclusive rights to units of <British Columbia Telephone Co> and provincially owned Alberta Government Telephones to sell its new SX-200 Digital systems in the western Canadian provinces of British Columbia and Alberta. The SX-200 is a telephone switching system for voice and data for cust... | MITEL <MLT> AWARDS SELLING RIGHTS TO TWO FIRMS |
Financial Corporation of Americas American Savings and Loan Association unit said it signed a definitive agreement to buy three retail savings branches from Gibraltar Financial Corps <GFC> Gibraltar Savings unit. The purchase which must be approved by the Federal Home Loan Bank and the California Department of Savin... | FINANCIAL CORP <FIN> UNIT BUYS BRANCHES |
Delegates from the National Pork Producers Council NPPC attending the American Pork Congress in Indianapolis voted overwhelmingly to recommend the U.S. congress not to change the farm bill. While there are no specific pork items in that legislation feed grain prices directly affect pork producer profits the NPPC said. ... | PORK DELEGATES VOTE ON FARM BILL, FARM CREDIT |
Renewed confidence in OPECs ability to limit production helped U.S. energy futures settle above yesterdays closing prices according to analysts. They also said the heating oil contract found additional support from a short-covering rally on the close. April crude closed 24 cts higher to 17.75 dlrs. April heating oil wa... | CONFIDENCE IN OPEC FIRMS U.S. ENERGY FUTURES |
The Airline Pilots Association said members working at Trans World Airlines Inc welcomed their airlines announced proposal to acquire USAir Group Inc. Union leaders for the TWA pilot group said the offer of 52 dlrs a share was a positive indication that Carl Icahn intends to build TWA into a viable air carrier. Reuter | TWA <TWA> PILOTS WELCOME BID FOR USAIR <U> |
Hughes Aircraft Co a division of General Motors Corp has received a 61.1 mln dlr contract for electronic display equipment for U.S. Australian and Spanish surface ships the Navy said. reuter | GM <GM> GETS 61.1 MLN DLR NAVY CONTRACT |
The U.S. Treasury repeated a White House statement that only President Reagan and Treasury Secretary James Baker are authorized to speak on the dollar. A Department spokesman was commenting on remarks by Commerce Department Under-Secretary Robert Ortner that the yen was undervalued 10 or 15 pct against the dollar but E... | TREASURY SAYS ONLY REAGAN, BAKER SPEAK ON DLR |
Great American First Savings Bank said it is offering collateralized Euroyen notes worth about 100 mln dlrs or 15 billion yen only to investors outside the U.S. The bank said the notes will be offered through a syndicate with Nikko Securities Co in conjnction with Goldman Sachs International Corp. The issue price will ... | GREAT AMERICAN FIRST SAVINGS <GTA> OFFERS NOTES |
General Electric Co has received a 42.7 mln dlr contract for work on 97 engines for Sea Hawk Super Cobra and CV helicopters the Army said. reuter | GE <GE> GETS 42.7 MLN DLR ARMY CONTRACT |
MNX Inc said it completed an offering of 1225000 shares of common at 17.25 dlrs per share. Reuter | MNX <MNXI> COMPLETED SHARE OFFERING |
Corn sales gained 2494900 tonnes in the week ended February 26 the highest weekly total since August 1984 and two and three-quarter times the prior weeks level the U.S. Agriculture Department said. In comments on its Export Sales Report the department said sales of 1.0 mln tonnes to the USSR -- previously reported unde... | USDA COMMENTS ON EXPORT SALES |
General Dynamics Corp has received two contracts totaling 29.2 mln dlrs for upgrade and retrofit work on F-16A/B aircraft the Air Force said. REUTER | GEN DYNAMICS <GD> GETS AIR FORCE CONTRACTS |
Shr loss 1.62 dlrs vs profit 83 cts Net loss 17.2 mln vs profit 8.3 mln Revs 264.0 mln vs 338.0 mln NOTE:Year ago figures based on 12 months ended February 28 1986 because company changed reporting period to end December 31. 1986 10 months loss includes 10.3 mln dlrs writedown of certain assets. Reuter | FAIRFIELD COMMUNITIES INC <FCI> 10 MOS DEC 31 |
Shr 20 cts vs 17 cts Net 680000 vs 533000 Sales 6473000 vs 5996000 Year Shr 57 cts vs 84 cts Net 1967000 vs 2099000 Sales 20.8 mln vs 19.0 mln Reuter | CARVER CORP <CAVR> 4TH QTR NET |
INTER-CITY GAS CORP 4TH QTR SHR 36 CTS VS 68 CTS | |
Computer Power Inc said it booked 10.1 mln dlrs in orders for 1986 a record year for the company. The company also announced a new low cost product will be introduced in the second quarter of 1987. Computer Power manufactures and markets Uninterruptible Power Systems line conditioners and related components for the pro... | COMPUTER POWER INC <CPWR> REPORTS RECORD ORDERS |
Unicorp American Corp said it signed a definitive agreement to acquire Lincoln Savings Bank FSB. Under terms of the agreement announced in January Lincoln would be acquired by a unit of Unicorp which is minority-owned by Lincoln president Alton Marshall. The acquisition will take place through a voluntary conversion of... | UNICORP <UAC>, LINCOLN IN DEFINITVE PACT |
Moodys Investors Service Inc said it may downgrade Duquesne Light Cos two billion dlrs of debt. Moodys said it would assess the likely financial consequences of the 19 mln dlr rate reduction ordered today by the Pennsylvania Public Utility Commission. The unexpected order raises significant doubts about the quality of ... | MOODY'S MAY DOWNGRADE DUQUESNE LIGHT <DQU> DEBT |
Westinghouse Electric Corp said it is moving its Unimation operations from Danbury Conn to other existing Westinghouse facilities affecting approximately 210 employees. The engineering product integration administration and final assembly functions will be moved to the Westinghouse automation division headquarters at O... | WESTINGHOUSE ELECTRIC CORP <WX> MOVING UNIT |
U.S. M-1 MONEY SUPPLY RISES 1.9 BILLION DLRS IN FEB 23 WEEK, FED SAYS | |
U.S. BANK DISCOUNT BORROWINGS AVERAGE 233 MLN DLRS A DAY IN MARCH 4 WEEK, FED SAYS | |
The sharp fall in international coffee prices will not affect Colombias external credit situation finance minister Cesar Gaviria told reuters. He said the current depression on world coffee markets was not totally unexpected and would have no immediate bearing on Colombias financial state which he described as sound. O... | COFFEE FALL NOT SEEN AFFECTING COLOMBIA'S DEBT |
U.S. M-1 money supply rose 1.9 billion dlrs to a seasonally adjusted 738.5 billion dlrs in the February 23 week the Federal Reserve said. The previous weeks M-1 level was revised to 736.6 billion dlrs from 736.7 billion dlrs while the four-week moving average of M-1 rose to 736.7 billion dlrs from 735.0 billion. Econom... | U.S. M-1 MONEY SUPPLY RISES 1.9 BILLION DLRS |
Hunt Building Corp of El Paso Texas has received a 31.7 mln dlr contract for construction of 492 family housing units and a 75-space mobile home park at the Marine Corps combat training center at Camp Pendleton Calif. the Navy said. REUTER | HUNT BUILDING CORP GETS NAVY CONTRACT |
Humana Inc said its board approved a shareholder rights plan or so-called poison pill plan to ensure its shareholders receive fair treatment in the event of a proposed takeover. Humana said it is now aware of any effort to gain control of the company. Under the plan its board declared a dividend distribution of one rig... | HUMANA <HUM> DECLARES SHAREHOLDERS RIGHTS PLAN |
Oper shr profit 63 cts vs loss 1.15 dlrs Oper net profit 6629000 vs loss 12.4 mln Revs 23.6 mln vs 22.4 mln Year Oper shr profit 1.65 dlrs vs loss 1.28 dlrs Oper net profit 17.5 mln vs loss 13.8 mln Revs 93.1 mln vs 86.8 mln Note: Oper data does not include loss from discontinued operations of 7932000 dlrs or 73 cts pe... | FREMONT GENERAL CORP <FRMI> 4TH QTR OPER NET |
The American Stock Exchange said 5500000 shares of Riverbend International Corp began trading today under the symbol RIV. It said the agricultural concern based in Sanger Calif. opened on 37000 shares at nine. AMEX said the company is the 14th initial public offering to be listed on AMEX this year. Last year AMEX liste... | RIVERBEND <RIV> BEGINS TRADING ON AMEX |
Alaska Air Group Inc said it has registered with the Securities and Exchange Commission to offer 1.8 mln shares of common stock plus 180000 shares to cover over-allotments. The company said Merrill Lynch Pierce Fenner and Smith Inc and The First Boston Corp will lead the underwriting syndicate. Proceeds will be used to... | ALASKA AIR GROUP <ALK> OFFERS STOCK |
Great Western Financial Corps subsidiary Great Western Bank said it will purchase three retail banking branches in south Florida with total deposits of 90 mln dlrs. Great Western said it will purchase branches in Deerfield Beach and Hollywood with approximately 80 mln dlrs in deposits from Guardian Savings and Loan Ass... | GREAT WESTERN FINANCIAL <GWF> UNIT BUYS BANKS |
A one billion dlr lawsuit pushed Hughes Tool Co into an about-face on its rejection of a proposed merger with Baker International Corp <BKO> Wall Street analysts said. Last night Hughes said the planned merger with Baker was off. Baker then filed a suit seeking punitive damages from Hughes for calling off the merger... | HUGHES <HT> CHANGES STANCE ON MERGER AFTER SUIT |
Armtek Corp formerly known as Armstrong Rubber Co said it signed agreements with <Condere Corp> for the sale of its Natchez Miss. tire plant and its S and A Truck Tire Sales and Services Corp. Terms were not disclosed. Armtek spokesman John Sievers said S and A is a 50 mln dlr business. Earlier this week Armtek anno... | ARMTEK <ARM> SELLS TIRE, TRUCK TIRE BUSINESS |
Standard and Poors Corp said it raised to A from A-minus Bay State Gas Cos preferred stock. S and P affirmed the companys A-rated senior debt and A-1 commercial paper. Bay State has 75 mln dlrs of long-term debt and preferred outstanding. The rating agency said its action mainly reflected debt redemptions. S and P also... | BAY STATE GAS <BGC> PREFERRED UPGRADED BY S/P |
Shr loss four cts vs loss 34 cts Net loss 2922000 vs loss 19.9 mln Revs 4071000 vs 8012000 Year Shr loss 23 cts vs loss 79 cts Net loss 17.3 mln vs loss 46.2 mln Revs 22.4 mln vs 28.6 mln Reuter | ELXSI LTD <ELXSF> 4TH QTR LOSS |
Shr loss 94 cts vs profit 28 cts Net loss 6319337 vs profit 1702016 Revs 2899513 vs 5239106 Note: 1986 net includes 5250000 dlr writedown of oil and gas properties. Reuter | <NEWSCOPE RESOURCES LTD> YEAR LOSS |
The Federal Energy Regulatory Commission (FERC) issued a proposed policy statement for the recovery of take-or-pay costs imposed by existing natural gas contracts between producers and pipelines. It put out the statement by 5-0 vote for a 30-day comment period. It also put out an alternative policy statement by Commiss... | FERC ISSUES TAKE-OR-PAY GAS POLICY PLAN |
National Medical Enterprises Inc said its Rehab Hospital Services Corp unit opened four facilities and plans to contruct three physical rehabilitation hospitals. The company said the seven hospitals represent a total investment of 44.5 mln dlrs. The three to be constructed will be in Montgomery Ala. Fort Myers Fla. and... | NATIONAL MEDICAL <NME> OPENS HOSPITALS |
Qtly div 41 cts vs 41 cts Pay June 10 Record May 29 Reuter | TIMES MIRROR CO <TMC> QUARTERLY DIVIDEND |
Shr 36 cts vs 68 cts Net 10.0 mln vs 16.1 mln Revs 441.6 mln vs 470.8 mln YEAR Shr 86 cts vs 1.77 dlrs Net 29.1 mln vs 44.1 mln Revs 1.43 billion vs 1.54 billion Note: 1986 fl-yr net includes 9.3 mln dlr writedown of U.S. oil and gas properties partly offset by 1.1 mln dlr extraordinary gain from tax gains and proceeds... | INTER-CITY GAS CORP <ICG> 4TH QTR NET |
Shr profit 26 cts vs profit 10 cts Net profit 1371000 vs profit 482000 Revs 48 mln vs 45.7 mln Avg shrs 5.20 mln vs 5.15 mln 12 mths Shr profit 1.05 dlrs vs loss 34 cts Net profit 5454000 vs loss 1766000 Revs 191.7 mln vs 185.2 mln Avg shrs 5.20 mln vs 5.15 mln Reuter | BROWN TRANSPORT CO INC <BTCI> 4TH QTR NET |
Hexcel Corp said it plans to build a manufacturing facility in Chandler Arizona. The company said construction will begin this summer with completion scheduled for early in 1988. The facility will produce engineered and structural products and employ about 200 people it said. Reuter | HEXCEL CORP <HXL> PLANS NEW PLANT |
First Federal Savings of Arkansas FA said it bought back 4.75 mln dlrs of its 15-3/8 pct subordinated capital notes. There are now 14.25 mln dlrs of these notes outstanding compared to an original issue of 25 mln dlrs sold in September 1985 First Federal said. Reuter | FIRST FEDERAL <FARK> BUYS BACK CAPITAL NOTES |
Standard and Poors Corp said that General Motors Corps planned five billion dlr stock repurchase would not affect the carmakers debt ratings. S and P said the parent company would generate sufficient cash flow over the next several years to fund the stock buyback program without weakening its financial position. S and ... | GM <GM> STOCK BUYBACK WON'T AFFECT S/P RATINGS |
Qtr ends Dec 31 Shr loss 33 cts vs loss 16 cts Net loss 5632426 vs loss 2373358 Revs 3277976 vs 1535550 Avg shrs 16.9 mln vs 14.4 mln Reuter | METRO MOBILE CTS INC <MMCT> FIRST QTR LOSS |
Endotronics Inc said it is restructuring its workforce to reduce payroll costs by terminating 75 full-time and four part-time employees or 33 pct of its total ranks. The company said despite the cutbacks it remains commited to development of promising new areas and it intends to maintain our research commitment to our ... | ENDOTRONICS <ENDO> TO CUT WORKFORCE BY 33 PCT |
Shr basic 42 cts vs 1.41 dlrs Shr diluted 42 cts vs 1.33 dlrs Net 4394000 vs 13070000 Revs 191.0 mln vs 223.3 mln Reuter | <SPAR AEROSPACE LTD> YEAR NET |
Alpha Health Systems Corp a wholly-owned subsidiary of Pesch and Co said it submitted a merger proposal to the board of REPH Acquisition Co the parent company of Republic Health Corp which is 64 pct owned by Pesch interests. The balance of REPHs common stock is owned by members of Republic management McDonnell Douglas ... | PESCH UNIT SEEKS BALANCE OF REPUBLIC HEALTH |
<Spar Aerospace Ltd> reporting a sharply lower 1986 profit said it anticipated solid profit and revenue growth during the next five years. Looking to the longer term Spar is confident that its continuing concentration on advanced robotics satellite-based communications and electro-optical defense systems will lead t... | SPAR SEES SEES STRONG FIVE-YEAR GROWTH |
House Speaker James Wright a Texas Democrat said he found a favorable response from key House Democratic taxwriters to a general idea of raising 18 billion dlrs in unspecified taxes for the 1988 financial year. Wright met with House Ways and Means Committee chairman Dan Rostenkowski of Illinois and other Democrats to d... | WRIGHT SAYS DEMOCRATS FAVORABLE TO TAX HIKE |
Qtly div 28-3/4 cts vs 28-3/4 cts prior Pay April three Record March 13 Reuter | CHESAPEAKE UTILITIES CORP <CHPK> REGULAR DIV |
United Food and Commercial Workers Union Local 222 rejected a new contract proposal from Iowa Beef Processors Inc and remain out of work union spokesman Allen Zack said. In mid-December Iowa Beef a subsidiary of Occidental Petroleum Corp closed its beef processing plant at Dakota City Nebraska because it said it had no... | MEATPACKERS REJECT OCCIDENTAL <OXY> UNIT OFFER |
Periods ended January 31 Net 1443000 vs 3539000 Revs 765.2 mln vs 685.8 mln Reuter | SWIFT INDEPENDENT PACKING CO <SFTPr> 1ST QTR NET |
CHEMLAWN SAYS IT REJECTS 27 DLRS PER SHARE TENDER OFFER FROM WASTE MANAGEMENT | |
USG Corp is raising 200 mln dlrs through an offering of debentures due 2017 yielding 8.77 pct said lead manager Salomon Brothers Inc. The debentures have an 8-3/4 pct coupon and were priced at 99.784 to yield 120 basis points over the off-the-run 9-1/4 pct Treasury bonds of 2016. Non-refundable for 10 years the issue i... | USG <USG> DEBENTURES YIELD 8.77 PCT |
France and Yugoslavia agreed to set up a joint economic commission as part of efforts to promote commercial links and industrial cooperation between the two countries. The French Finance Ministry said the commission to be composed of businessmen was agreed during talks between Foreign Trade Minister Michel Noir and Yug... | FRANCE, YUGOSLAVIA COMMISSION TO BOOST TRADE |
ChemLawn Corp said its board rejected Waste Management Incs 27 dlr-per-share tender offer and urged its shareholders not to tender their shares. ChemLawn said its board asked management and its financial advisor Smith Barney Harris Upham And Co Inc to seek other purchasers of the company to maximize shareholder value. ... | CHEMLAWN <CHEM> REJECTS WASTE'S <WMX> OFFER |
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