text stringlengths 0 9.69k | target stringlengths 0 137 |
|---|---|
<First Toronto Capital Corp> said it planned to issue a five mln dlr convertible debenture to its Dutch parent Arcalex B.V. which if fully converted would raise Arcalexs stake in First Toronto to 62 pct from 54 pct. It said the debenture would have a five-year term bear 10 pct yearly interest and be redeemable by Fi... | FIRST TORONTO ISSUING DEBENTURE TO DUTCH PARENT |
Sen. Jake Garn (R-Utah) said a delay in rescuing the Federal Savings and Loan Insurance Corp risked a run on thrift deposits by nervous customers. Garn told a Georgetown University conference on financial institutions that news reports that the Federal Savings and Loan Insurance Corp was technically in deficit were tru... | GARN FEARS RUN ON SAVINGS AND LOAN DEPOSITS |
Brazilian Finance Minister Dilson Funaro will extend his international tour flying to Japan for talks with government officials and representatives of banks to explain Brazils decision to halt payment of part of its 109-billion dlrs foreign debt Finance Ministry sources said. Funaro who is in Rome today will fly to Tok... | BRAZILIAN FINANCE MINISTER EXTENDS TRIP TO JAPAN |
Shr 39 cts vs not given Net 8801000 vs not given Revs 33.2 mln vs not given Reuter | (CAMBIOR INC) FIVE MTHS DEC 31 NET |
ConAgra Inc agreed to acquire Monfort of Colorado Inc in a stock transaction both companies said. According to the letter of intent signed by the companies ConAgra will acquire all of Monforts 4.3 mln outstanding shares for 10.75 mln of its own shares. Based on ConAgras closing price of 34 dlrs today the transaction is... | CONAGRA <CAG> TO ACQUIRE MONFORT <MMFT> |
Gould Inc said it registered to offer two mln shares of convertible exchangeable preferred stock. Gould said the proposed new issue will be underwritten by First Boston Corp and Kidder Peabody and Co Inc. In a registration statement filed with the Securities and Exchange Commission Gould said the shares will be convert... | GOULD <GLD> REGISTERS TO OFFER PREFERRED |
House Ways and Means Committee chairman Dan Rostenkowski an Illinois Democrat said his committee would raise taxes if the idea were approved by Democrats as part of the 1988 budget but the committee would find it difficult since President Reagan opposes tax increases. Theres always the question of how to do it without ... | ROSTENKOWSKI SAYS TAX HIKE TOUGH WITHOUT REAGAN |
Key members of the House Agriculture committee have agreed to scale-back the 0/92 provision of a pending disaster aid bill to cover only 1987 crop wheat but a broader 0/92 proposal is likely to be resurrected later Congressional sources said. The sources said key lawmakers including Reps. Glenn English (D-Okla.) and Da... | HOUSE 0/92 PLAN SEEN SCALED-BACK TO 1987 WHEAT |
Arizona Appetitos Stores Inc said it has tentatively agreed to sell its franchise operation to privately-held Appetitos Inc. Under the agreement Appetitos Inc would acquire all Arizona Appetitos assets except for 25000 dlrs in cash and assume all liabilities for 1018000 shares of Arizona Appetitos stock and 150000 dlrs... | ARIZONA APPETITIO'S <AAPI> TO SELL FRANCHISE |
TCW Convertible Securities Fund Inc said it has sold 20 mln shares of its common stock to a group of underwriters led by Bear Stearns and Co Inc E.F. Hutton and Co Advest Inc Blunt Ellis and Loewi Inc Piper Jaffray and Hopwook Inc and Sutro and Co Inc. The shares were sold by the underwriters at ten dlrs per share in a... | TCW CONVERTIBLE SECURITIES <CVT> SOLD STOCK |
The Reagan administration wants to encourage expanded trade with the Soviet Union but does not believe Moscow yet warrants most-favored-nation treatment Deputy Secretary of State John Whitehead said. It seems to me that more trade between us is better than less trade he told a forum on U.S.-Soviet trade relations. To t... | FAVORED TRADE STATUS FOR MOSCOW STILL OPPOSED |
McDonnell Douglas Corp which has a five mln dlr investment in Republic Health Corp <REPH> said it has not been approached to sell its shares in Republic Health. Earlier Alpha Health Systems Corp a unit of Pesch and Co said it submitted a merger proposal to the board of REPH Acquisition Co the parent of Republic Heal... | MCDONNELL DOUGLAS <MD> NOT APPROACHED BY PESCH |
Paradyne Corp said it pleaded guilty to criminal charges of conspiracy to defraud the Social Security Administration and agreed to pay 1.2 mln dlrs in fines and costs to the U.S. Government. The company also reached agreements in principle for an 8.1 mln dlr settlement of class action law suits. About 2.9 mln dlrs of t... | PARADYNE <PDN> PLEADS GUILTY TO CRIMINAL CHARGE |
In their search for ways to cut spending on U.S. farm programs policymakers and their advisers here are citing trading in options contracts as an alternative to federal income and price supports. Critics of costly federal farm programs maintain that the government could get out of guaranteeing minimum support prices if... | INTEREST IN OPTIONS STIRRED BY U.S. FARM PLANS |
South Africas state-owned energy firm Soekor said it would continue tests after striking oil some 120 kms (75 miles) south-southwest of Mossel Bay. During production tests about 5000 barrels of oil and five mln cubic feet of gas per day were produced it said. This oil discovery will be followed-up as soon as possible b... | SOUTH AFRICAN FIRM TO CONTINUE TESTS |
Cemdac Corp said it told the state of Minnesota to permanently suspend trading of its common stock. The company said it is ceasing operations. Reuter | CEMDAC GOES OUT OF BUSINESS |
Greece replying to a warning from Turkey that it will stop Athens from seeking oil in the Aegean Sea repeated today that it has an exclusive right to decide where or when to drill in the area. A government spokesman said in a statement that if Ankara believed Greece was contravening international law it could bring the... | GREECE REPEATS IT CAN DECIDE ON AEGEAN DRILLING |
Shr loss 45 cts vs loss 1.34 dlrs Net loss 1240000 vs loss 3621000 Revs 6264000 vs 4626000 Year Shr loss 90 cts vs loss 2.01 dlrs Net loss 2487000 vs loss 5406000 Revs 20.8 mln vs 21.7 mln Reuter | NCA CORP <NCAC> 4TH QTR LOSS |
Shr profit one ct vs loss two cts Net profit 52405 vs loss 67967 Sales 289572 vs 188713 Year Shr loss one cts vs loss five cts Net loss 51019 vs loss 201680 Sales 1.1 mln vs 490935 Reuter | BIOMEDICAL DYNAMICS CORP <BMDC> 4TH QTR NET |
Santa Fe Southern Pacific Corp will later today formally ask the U.S. Interstate Commerce Commission (ICC) to reconsider its earlier rejection of the merger of the holding companys railroad assets a company spokesman said. We expect to file papers late tonight asking the ICC to reopen the rail merger case spokesman Ric... | SANTA FE SOUTHERN PACIFIC APPEALS MERGER RULING |
Brazils recent announcement of a suspension in interest payments on 68 billion dlrs of foreign debt gave the banking system the jitters and confirmed views among many international economists and commodities analysts that Brazil will continue to flex its trading muscles in 1987. The developing worlds most indebted nati... | BRAZIL DEBT SEEN PARTNER TO HARD SELL TACTICS |
OPEC produced an average 16.1 mln barrels per day (bpd) of crude oil in February down from 16.5 mln the previous month and an overall 17.3 mln bpd in fourth quarter 1986 the International Energy Agency said. A few OPEC countries last month exceeded the production quotas set at their last conference in December but lift... | IEA SAYS OPEC FEBRUARY CRUDE OUTPUT 16.1 MLN BPD |
Two separate class action lawsuits were filed against ICN Pharmaceuticals Inc and its Viratek Inc <VIRA> subsidiary charging the companies with disseminating allegedly false and misleading information regarding the companys drug Virazole which is being tested as a possible treatment for AIDS. The suit filed in Feder... | ICN <ICN> SUBJECT OF CLASS ACTIONS |
A majority of the Senate Agriculture Committee urged President Reagan to reverse his opposition to export subsidies to the Soviet Union as a way to get its negotiators to purchase some 500 mln dlrs in American wheat. The group led by committee chairman Patrick Leahy a Vermont Democrat urged Reagan to step up negotiatio... | U.S. SENATE GROUP URGES SUBSIDIES FOR USSR |
The Reagan administration issued a formal statement to Congress designed to free the remaining 40 mln dlrs in 1987 aid for the U.S.-backed Contra rebels in Nicaragua. The aid is the last instalment of 100 mln dlrs voted by Congress for the Contras and is to be spent on major military equipment. Congress now has 15 days... | ADMINISTRATION MOVES TO FREE REST OF CONTRA AID |
<Enfield Corp Ltd> said it planned to issue 60 mln dlrs principal amount of notes and 1.6 mln class E preferred shares at 25 dlrs a share. The notes would bear 8 pct yearly interest mature March 31 2002 and be convertible to common shares on either March 31 1997 or the business day before a fixed redemption date at ... | ENFIELD CORP PLANS NOTES, PREFERRED ISSUE |
Holiday Inns Inc a unit of Holiday Corp is raising 1.4 billion dlrs through offerings of notes and debentures said bookrunner Drexel Burnham Lambert Inc. Junk bond traders said they thought this to be the second-largest junk bond deal ever brought to market. They said the biggest was BCI Holdings 2.35 billion dlr offer... | HOLIDAY <HIA> UNIT SELLS NOTES AND DEBENTURES |
Wichita Industries Inc said it agreed to buy Fountain Oil and Gas Inc. Wichita said it it will acquire all of the outstanding shares of Fountain in an exchange for about 11 mln newly issued Wichita common shares. Wichita presently has about 3.6 mln shares outstanding. The transaction calls for the issuance of 1-1/2 sha... | WICHITA <WRO> TO BUY FOUNTAIN OIL <FGAS> |
Argentinas cost of living index grew 6.5 pct in January down from last months 7.6 pct the National Statistics Institute said. It said consumer prices rose 98.9 pct over the last 12 months against 81.9 pct inflation in the calendar year 1986. Reuter | ARGENTINE INFLATION ROSE 6.5 PCT IN FEBRUARY |
The Mexican state oil company Petroleos Mexicanos (PEMEX) said its Far East customers would be charged 17.25 dlrs per barrel for Isthmus crude in February and 14.45 dlrs for the heavier Maya. Pemex said this was 32 cts less than January Isthmus and 15 cts less than January Maya. Far East customers primarily Japan which... | PEMEX LOWERS FEBRUARY FAR EAST CRUDE OIL PRICES |
Retail sales in the quarter ended December 31 fell a seasonally adjusted 13.2 pct compared with a 7.8 pct rise in the September quarter and a 1.3 pct fall a year ago period the Statistics Department said. Actual retail sales in the December quarter totalled 6.17 billion N.Z. Dlrs compared with 6.70 billion in the previ... | N.Z. DECEMBER QUARTER RETAIL SALES FALL 13.2 PCT |
REPH Acquisition Co said its board appointed a special committee to negotiate the terms of an offer made earlier today by <Pesch and Co> to merge with its Republic Health Corp <REPH> unit. Pesch through its Alpha Health Systems Corp unit offered to acquire the 36 pct of Republic Health stock that it does not alre... | REPH ACQUISITION TO NEGOTIATE PESCH MERGER BID |
<Royal Trustco Ltd> said it planned a 154.7 mln dlr issue in Canada in late March of 4.5 mln class A common shares at 34.375 dlrs a share. The company added that it would also double the amount of class A and class B common shares on June 26 1987 through a stock dividend of one class A or one class B share for each ... | ROYAL TRUST PLANS 154.7 MLN DLR SHARE ISSUE |
An investor group led by members of the Hunt family of Dallas Texas told the Securities and Exchange Commission it has acquired a 6.2 pct stake in Comdata Network Inc <CDN> and may try to influence company policy. The investor group led by Rosewood Financial Inc said it opposes a company recapitalization plan worked... | HUNT GROUP HAS COMDATA STAKE, SEEKS INFLUENCE |
Trade between Argentina and Brazil jumped 90 pct in 1986 versus 1985 Foreign Minister Dante Caputo said. Speaking to reporters Caputo said the near doubling in trade showed the tangible and immediate results of a wide- ranging economic integration accord signed by the presidents of both countries last July. He said tra... | ARGENTINA-BRAZIL TRADE JUMPED 90 PCT IN 1986 |
The New York Stock Exchange said its members overwhelmingly approved a rule change that elminates the limits on fines imposed as a result of disciplinary proceedings. The NYSE said the amendment to its constitution already approved by its board must now be approved by the Securities and Exchange Commission. The NYSE sa... | NYSE MEMBERS VOTE TO LIFT LIMIT ON PENALTIES |
The Securities Industry Association SIA has asked the U.S. supreme court to overturn a lower-court ruling that would allow banks to sell commercial paper SIA general counsel William Fitzpatrick said. In a petition the SIA said the court of appeals erred in upholding the decision of the Federal Reserve board of governor... | SIA TO APPEAL FED RULING ON COMMERCIAL PAPER |
Santa Fe Southern Pacific Corp will later today formally ask the U.S. Interstate Commerce Commission (ICC) to reconsider its earlier rejection of the merger of the holding companys railroad assets a company spokesman said. We expect to file papers late tonight asking the ICC to reopen the rail merger case spokesman Ric... | SANTA FE SOUTHERN PACIFIC APPEALS MERGER RULING |
Shr loss 10 cts vs profit seven cts Net loss 918000 vs profit 585000 Revs 5475000 vs 4430000 YEAR Shr profit 32 cts vs loss 24 cts Net profit 2909000 vs loss 1501000 Revs 23.7 mln vs 15.0 mln Note: 1986 4th qtr net includes 1.5 mln U.S. dlr or 17 ct shr writedown of stake in Hecks Inc <HEX> and 300000 U.S. dlr or th... | E.A. VINER HOLDINGS LTD <EAVKF> 4TH QTR LOSS |
A group led by GFI Nevada Inc a subsidiary of General Felt Industries a Saddlebrook N.J. carpet maker said it cut its stake in Allied Products Corp to 169888 shares or 3.4 pct from 288652 shares or 5.8 pct. In a filing with the Securities and Exchange Commission GFI said it sold 114000 Allied Products common shares on ... | CARPET FIRM UNIT CUTS ALLIED PRODUCTS<ADP> STAKE |
World Bank President Barber Conable said he was confident Brazil would come up with a debt plan and that the current suspension on commercial bank debt payments would be temporary. He said Brazils decision to stop payments on its debt had captured the attention of the international community but the country should now ... | WORLD BANK PRESIDENT EXPECTS BRAZILIAN DEBT PLAN |
Pay talks aimed at ending a week-old national seamens strike collapsed today and the strike will continue a union official said. The walkout by Brazils 40000 seamen has idled 160 ships in various ports Jorge Luis Leao Franco a senior official of the National Merchant Marine Union told Reuters. The strikers who are seek... | TALKS FAIL TO END BRAZILIAN SEAMEN'S STRIKE |
Shearson Lehman Brothers Inc the brokerage subsidiary of American Express Co <AXP> said it has acquired 131300 shares of Chicago Milwaukee Corp or 5.4 pct of its total outstanding common stock. In a filing with the Securities and Exchange Commission Shearson said it bought the stake for 18.8 mln dlrs for investment ... | SHEARSON HAS 5.4 PCT OF CHICAGO MILWAUKEE <CHG> |
E.A. Viner Holdings Ltd said the earlier reported Chapter 11 bankruptcy filing of Hecks Inc <HEX> in which Viner holds 408000 shares would not materially affect Viners capital position or its ability to carry on its profitable brokerage business. Viner said its brokerage subsidiary Edward A. Viner and Co had regulat... | VINER <EAVKF> VIABLE AFTER HECK'S <HEX> MOVE |
Italian Treasury Minister Giovanni Goria met Brazilian Finance Minister Dilson Funaro today and expressed Italys willingness to support his efforts in trying to resolve Brazils pressing debt problems. Goria told reporters after meeting Funaro who is in Rome on the fifth leg of a tour to seek governmental support for hi... | ITALY EXPRESSES WILLINGNESS TO SUPPORT BRAZIL |
Trans World Airlines Inc said it filed suit in Delaware Chancery Court against USAir Group Inc and its board of directors seeking to invalidate its poison pill anti-takeover plan. TWA vice president and general counsel Mark Buckstein said TWA also sought a declaratory judgement from the court that its 52 dlr per share ... | TWA <TWA> SUES USAIR <U> OVER POISON PILL |
The following proposed securities offerings were filed recently with the Securities and Exchange Commission: Columbus and Southern Ohio Electric Co subsidiary of American Electric Power Co Inc <AEP> - Offering of 100 mln dlrs of first mortgage bonds due 2017. Blocker Energy Corp <BLK> - Offering of 12 mln shares ... | PROPOSED OFFERINGS RECENTLY FILED WITH THE SEC |
Oper shr 99 cts vs 54 cts Oper net 9515000 vs 3449000 Revs 509.3 mln vs 440.5 mln Note: 1985 net excludes extraordinary gain of 1.2 mln dlrs. Reuter | <FOUR SEASONS HOTELS INC> YEAR NET |
Ivey Properties Inc said it raised its quarterly dividend to 18 cts a share from 14 cts and declared both an extra dividend of 27 cts a share and a 50 pct stock dividend. It said the dividends will be paid April one to shareholders of record March 16. For the stock dividend Ivey said it will pay for fractional shares a... | <IVEY PROPERTIES INC> RAISES QUARTERLY DIVIDEND |
Mexico has temporarily suspended overseas coffee sales due to falling prices triggered by the failure of the International Coffee Organisation (ICO) meeting to agree a quota system at its latest meeting the official Notimex news agency said. Were just waiting a while for prices to improve an unidentified Mexican trader... | MEXICO SUSPENDS OVERSEAS COFFEE SALES |
A shareholder group led by a Swedish investment firm and a Norwegian investor said it raised its stake in the Scandinavia Fund Inc to 2165300 shares or 33.3 pct of the total from 1978900 shares or 30.5 pct. In a filing with the Securities and Exchange Commission the group which includes Ingemar Rydin Industritillbehor ... | GROUP BOOSTS SCANDINAVIA FUND <SCF> STAKE |
VBI Corp an offshore-based investment firm told the Securities and Exchange Commission it raised its stake in the France Fund Inc <FRN> to 681800 shares or 9.1 pct of the total from 551000 or 7.4 pct. VBI which is based in Turks and Caicos Islands the British West Indies said it bought the additional shares between ... | OFFSHORE INVESTMENT FIRM UPS FRANCE FUND STAKE |
Costa Ricas economy minister said he sees new hope for winning changes in the International Coffee Organisation system of export quotas. Minister Luis Diego Escalante who serves as president of the Costa Rican Coffee Institute said he was hopeful because of the support offered Costa Rica and other smaller producing- na... | COSTA RICA OPTIMISTIC ABOUT REFORMING ICO |
U.S. money supply growth is slowing down rapidly and some economists believe that all three of the Federal Reserves main monetary aggregates may even have contracted in February. A contraction is unlikely to be a major concern for the Fed especially as it would follow a long period of torrid growth but it could give th... | U.S. MONEY GROWTH SLOWS SHARPLY, ECONOMISTS SAY |
Ecuadors consumer price index rose 2.5 pct in February to 562.4 (base 1978) the National Statistics and Census Institute said. The rise compared to a 1.8 pct rise in January and a 2.5 pct rise in February 1986. The Institute said accumulated overall inflation for the first two months of this year was 4.0 pct compared t... | ECUADOR'S CONSUMER PRICES RISE 2.5 PCT IN FEBRUARY |
The opposition National Party took a five percentage point lead over New Zealands Labour government in an opinion poll reversing the seven point lead held by Labour in a comparable poll in February. In the regular Television New Zealand Heylen/Eyewitness poll Nationals support rose to 50 pct against 45 pct a month earl... | NATIONAL OPPOSITION AHEAD IN N.Z. OPINION POLL |
West German gross fishmeal imports rose 60260 tonnes or 14.6 pct last year to 471891 tonnes the highest level since 1972 trade sources said. Re-exports fell by 6.6 pct resulting in a surge in net imports from 175901 to 251708 tonnes an increase of 43 pct. Total West German consumption was estimated at around a high 287... | WEST GERMAN FISHMEAL IMPORTS HIGHEST IN 15 YEARS |
Shr loss five cts Net loss 753000 Revs 8932000 Avg shrs 16.0 mln Year Shr loss seven cts Net loss 995000 Revs 27.9 mln Avg shrs 14.8 mln NOTE: Company started operating in August 1985. Results reflect change in fiscal year from November 30 end. Reuter | TPA OF AMERICA INC <TPS> 4TH QTR LOSS |
Silver State Mining Corp said it expects gold production this year to be more than double 1986s 17458 ounces. The companys 1985 production was 2050 ounces. Reuter | SILVER STATE MINING <SSMC> SEES PRODUCTION RISE |
McGrath RentCorp said as a result of its December acquisition of Space Co it expects earnings per share in 1987 of 1.15 to 1.30 dlrs per share up from 70 cts in 1986. The company said pretax net should rise to nine to 10 mln dlrs from six mln dlrs in 1986 and rental operation revenues to 19 to 22 mln dlrs from 12.5 mln... | MCGRATH RENTCORP <MGRC> SEES NET RISING |
Shr one ct vs one ct Net 528790 vs 286969 Revs 2537803 vs 773729 Year Shr seven cts vs one ct Net 2429576 vs 404394 Revs 6726327 vs 1150961 Reuter | SILVER STATE MINING CORP <SSMC> 4TH QTR NET |
Shr 15 cts vs 14 cts Net 2547000 vs 2242000 Revs 56.7 mln vs 44.0 mln Avg shrs 17.6 mln vs 15.6 mln Nine mths Shr 54 cts vs 54 cts Net 9249000 vs 8334000 Revs 173.3 mln vs 134.3 mln Avg shrs 17.1 mln vs 15.5 mln Reuter | SIZZLER RESTAURANTS INTERNATIONAL INC <SIZZ> NET |
Brazilian Finance Minister Dilson Funaro last night concluded this weeks tour of European capitals having gleaned little in the way of concrete support from governments for his countrys attempts to find a radical solution to its debt payments crisis. However banking sources noted the existence of considerable sympathy ... | BRAZIL'S FUNARO WINS FEW PROMISES ON EUROPE TRIP |
MCANDREWS AND FORBES ARE OFFERING 18.50 DLRS PER SHARE FOR REVLON STOCK | |
The Bank of England said it had revised its estimate of the shortage in the money market back to its initial forecast of 550 mln stg. At midsession the central bank changed the shortfall to 500 mln and provided assistance worth 96 mln stg through bank bill purchases in bands one and two at established dealing rates. RE... | U.K. MONEY MARKET DEFICIT REVISED TO 550 MLN STG |
Shr six cts Net 155764 Revs 6506792 NOTE: Company formed in August 1986. Reuter | DONEGAL GROUP INC <DGIC> YEAR NET |
Shr loss 28 cts vs profit seven cts Net loss 931000 vs profit 7000 Revs 2.3 mln vs 2.0 mln Nine mths Shr loss 55 cts vs profit seven cts Net loss 1619000 vs profit 185000 Revs 7.7 mln vs 7.1 mln NOTE: Shr figures adjusted for issue of 600000 shares in October 1986. Avg shrs not given. Full name is <Peter Miller Appa... | PETER MILLER APPAREL GROUP 3RD QTR JAN 31 LOSS |
Period ended Jan 31 Shr seven cts vs 14 cts Net 136000 vs 274000 Sales 48.4 mln vs 38.2 mln Nine mths Shr 30 cts vs 17 cts Net 573000 vs 328000 Sales 140.0 mln vs 102.4 mln NOTE: Prior year period ended Sept 30 Comparable periods reflect change in fiscal yearend to April from December Reuter | KRELITZ INDUSTRIES INC <KRLZ> 3RD QTR NET |
Donegal Group Inc which today reported earnings of 155764 dlrs on revenues of 6506792 dlrs for the period from August 26 startup through the end of 1986 said it expects much improved profits for the full year 1987 on revenues of about 32 mln dlrs. Reuter | DONEGAL <DGIC> PROJECTS FULL YEAR RESULTS |
McAndrews and Forbes Holdings Inc said it will offer 18.50 dlrs per share for all of Revlon Group Incs <REV> outstanding common stock. McAndrews said terms of the acquisition have not been determined and are subject to the acquisition of financing. Revlon closed yesterday on the New York Stock Exchange at 14-3/4. Th... | MACANDREWS AND FORBES HOLDINGS BIDS FOR REVLON |
The Gillette Company <GS.N> and Swedens Electrolux AB <ELUX.ST> said they would form a partnership to commercialise a new technology developed by the U.S. Firm which uses solar cells to generate electricity. Electrolux is interested in harnessing the technology to produce portable domestic appliances and will pro... | ELECTROLUX AND GILLETTE IN JOINT VENTURE |
Chicago Mercantile Exchange floor traders and commission house representatives are guesstimating todays hog slaughter at about 300000 to 305000 head versus 292000 week ago and 316000 a year ago. Saturdays hog slaughter is guesstimated at about 30000 to 55000 head. Cattle slaughter is guesstimated at about 128000 to 130... | HOG AND CATTLE SLAUGHTER GUESSTIMATES |
Lead underwriters Morgan Stanley Group Inc <MS> <Goldman Sachs and Co> and <Salomon Inc> said an offering of 1000 shares of market auction preferred stock of <Talman Home Federal Savings and Loan Association of Illinois> Talman Finance Corp C unit is underway at 100000 dlrs a share. It said the initial divi... | TALMAN HOME FEDERAL PREFERRED OFFERING STARTS |
<Borealis Exploration Ltd> said it entered into an agreement with <Faraway Gold Mines Ltd> of Vancouver British Columbia under which Faraway will acquire an interest in Borealiss Whale Cove Gold Property in the Keewatin district of the Northwest Territories. Faraway will spend 1.5 mln dlrs on exploration over thr... | BOREALIS IN GOLD EXPLORATION PACT WITH FARAWAY |
<Rapid-American Corp> said its Faberge Inc subsidiary was granted approval by federal court to pursue its 11 mln dlr fraud suit against <Porterfield Buying Unit> and its partners. Faberge said the U.S. District Court Southern District of New York reinstituted the suit against Porterfield and its partners Samuel W... | RAPID-AMERICAN CORP UNIT PURSUES FRAUD SUIT |
The Bank of England said it provided assistance worth 350 mln stg during the afternoon session which takes total help so far today to 446 mln stg against a shortage estimated at around 550 mln stg. The central bank purchased outright bank bills comprising 120 mln stg in band one at 10-7/8 pct and 227 mln stg in band tw... | U.K. MONEY MARKET GETS 350 MLN STG AFTERNOON HELP |
IMRE Corp said it has received commitments for a group of European institutions to buy about 400000 IMRE shares for 2500000 dlrs with closing expected on March 16. Reuter | IMRE <IMRE> SELLS STOCK TO EUROPEAN INSTITUTIONS |
Finlands medical group Instrumentarium Oy <INMR.HE> said it has acquired electronics components importers and marketers <Ferrado Oy> and <Insele Oy> subsidiaries of Finlands electronics group Nokia Oy <NOKS.HE>. It said in a statement Ferrado and Insele will be merged into Instrumentariums Professional Elec... | INSTRUMENTARIUM ACQUIRES NOKIA SUBSIDIARY |
Qtly div six cts vs six cts prior Pay April One Record March 20 Reuter | FUQUA INDUSTRIES INC <FQA> SETS QUARTERLY |
Shr 73 cts vs 55 cts Net 1691878 vs 1117747 Revs 7.1 mln vs 4.9 mln Avg shrs 2.3 mln vs 2.0 mln NOTE: Share results reflect two-for-one stock split in June 1986. Reuter | <M-CORP INC> YEAR DEC 28 NET |
Engineered Support Systems Inc said Jerome Labarbera will retire as chairman but remain a director effective May one 1987. President Michael Shanahan will assume the additional post of chairman pending approval of the companys directors it said. Reuter | ENGINEERED SUPPORT <EASI> CHAIRMAN TO RETIRE |
DOME PETROLEUM REAFFIRMS DOME MINES STAKE FOR SALE AT RIGHT PRICE, SPOKESMAN SAYS | |
Commonwealth Mortgage Co said it purchased Westfiar Funding Corp of Armonk N.Y. for an undisclosed amount of cash. Commonwealth said Westfair originated 60 mln dlrs of residential mortgage loans during 1986. Reuter | COMMONWEALTH MORTGAGE <CCMC> BUYS ARMONK FIRM |
Semi-annual div 7-1/2 cts vs five cts Pay April nine Record March 26 Reuter | <M-CORP INC> RAISES DIVIDEND |
Permian Corp said that effective march 5 it raised its posted prices for crude oil 50 cts a barrel. The raise brought its posted prices for West texas Intermediate up by 50 cts to 17.00 dlrs a barrel. West Texas Sour was also raised by 50 cts to 17.00 dlrs a barrel. A Permian spokesman said that the South Louisiana swe... | PERMIAN <PBT> RAISES CRUDE PRICES |
Postmasters Inc said its common stock has been listed on the NASDAQ system effective today. Reuter | POSTMASTERS <POST> LISTED ON NASDAQ |
AMERICAN STORES CO 4TH QTR SHR 1.57 DLRS VS 1.60 DLRS | |
ATT PROPOSES REPLACING RATE OF RETURN REGULATION WITH NEW SIMPLIFIED RULES | |
Lead underwriters PaineWebber Group Inc <PWJ> and Ryan Beck and Co Inc <RBCO> said an initial public offering of 537500 shares of Montclair Savings Bank common stock is under way at 15 dlrs per share. Underwriters have been granted an option to purchase up to an additional 322500 shares to cover overallotments. T... | <MONTCLAIR SAVINGS BANK> INITIAL OFFERING STARTS |
Shr 19 cts vs 20 cts Shr diluted 18 cts vs 18 cts Net 578000 vs 554000 Sales 10.7 mln vs 10.4 mln Avg shrs 3006s302 vs 2795820 Avg shrs diluted 4271488 vs 4081534 Reuter | CENTRAL SPRINKLER CORP <CNSP> 1ST QTR JAN 31 NET |
Annual div four cts vs 1.76 cts Pay March 20 Record March 15 Reuter | <FAR WEST INDUSTRIES INC> RAISES DIVIDEND |
Pace Membership Warehouse Inc said it made a series of recent purchases of its 13 pct subordinated notes totaling about 13.6 mln dlrs. It said the amount of notes originally issued totaled 60 mln dlrs. Pace also said it may purchase additional outstanding notes in the future. Reuter | PACE MEMBERSHIP <PMWI> BUYS BACK NOTES |
Shr 23 cts vs 17 cts Net 761000 vs 490000 Revs 7.3 mln vs 4.5 mln Reuter | <FAR WEST INDUSTRIES INC> YEAR NET |
U.K. Officials are studying the possible link between the use of antibiotics in calf feeds and the spread of drug-resistant strains of salmonella in humans a Ministry of Agriculture official said. A study published in the New England Journal of Medicine yesterday stated that the spread of an unusual strain of salmonell... | U.K. OFFICIALS STUDY SALMONELLA/CALF FEED LINK |
CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY | |
Dome Petroleum Ltds 23.2 pct stake of gold producer Dome Mines Ltd continues to be for sale at the right price spokesman David Annesley said in response to an inquiry. Reaffirming remarks made last year by chairman Howard Macdonald Annesley said the company is considering selling its stake in Dome Mines. Concerning Dom... | DOME<DMP> REPEATS DOME MINES<DM> STAKE FOR SALE |
American Telephone and Telegraph Co said it is proposing a new simplified approach to regulating the long-distance telecommunications market. In a filing with the Federal Communications Commission ATT proposed replacing the current rate of return regulation with simplified rules that would eliminate many costs now impo... | ATT <T> PROPOSES NEW SIMPLIFIED REGULATIONS |
The Commonwealth Bank of Australias 16 pct Australian dlr 101 pct bond issue of yesterday has been raised to a total of 125 mln Australian dlrs from 100 mln lead manager Swiss Bank Corp International said. The coupon is valid for one year and will then be re-fixed annually at the one-year Australian Treasury rate. Ther... | CBA NOVEL AUSTRALIAN DLR ISSUES UPPED TO 125 MLN |
CANADA RULES U.S. CORN INJURING CANADIAN FARMERS, UPHOLDS DUTY | |
U.S. TREASURY'S BAKER SAYS PARIS PACT ONLY A START TO GREATER COOPERATION |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.