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STEWART-WARNER CORP 4TH QTR SHR LOSS 3.86 DLRS VS PROFIT 37 CTS | |
An investor group led by New York investor George Soros said it was dissatisfied with Fairchild Industries Inc management and was considering boosting its holdings to as much as 49.9 pct of the aerospace and aviation companys outstanding stock. The group already controls 1647481 Fairchild Industries shares or 11.5 pct ... | GROUP TO BOOST FAIRCHILD INDUSTRIES (FEN) STAKE |
Payless Cashways Inc chairman David Stanley told analysts the companys first quarter results to be reported March 17 will be better than the seven cts per share reported in the year ago quarter. It was not a wonderful sales quarter but it only represents 14 pct of the years total results Stanley said. Stanley also said... | PAYLESS CASHWAYS <PCI> SEES BETTER FIRST QTR |
FED'S HELLER URGES COMPREHENSIVE OVERHAUL OF FINANCIAL SYSTEM REGULATION | |
Federal Reserve Board Governor Robert Heller said the U.S. legal and regulatory framework of the U.S financial system needs a complete overhaul so American banks can be more competitive in international markets. It has become abundantly clear that our financial system must be overhauled to bring it up to the standard t... | FED'S HELLER URGES OVERHAUL OF FINANCIAL SYSTEM |
Shr loss 3.86 dlrs vs profit 37 cts Net loss 24973000 vs profit 2389000 Sales 62.5 mln vs 65.3 mln Year Shr loss 3.22 dlrs vs profit 1.32 dlrs Net loss 20861000 vs profit 8515000 Sales 268.0 mln vs 272.7 mln NOTE: 1986 earnings include a provision for restructuring costs of 23675000 dlrs or 3.66 dlrs a share (pre-tax) ... | STEWART-WARNER CORP <STX> 4TH QTR LOSS |
Shr loss 15 cts vs loss 11 cts Net loss 632000 vs loss 437000 Revs 3206000 vs 2650000 Year Shr loss 19 cts vs loss 24 cts Net loss 793000 vs loss 1004000 Revs 11.5 mln vs 14.4 mln NOTE: Prior year figures restated to reflect merger in March 1986 with Amtron Corp. Reuter | MONITERM CORP <MTRM> 4TH QTR LOSS |
GATX Corp said it will buy back up to 750000 common shares in the open market from time to time within the next year. Morgan Stanley and Co Inc will act as agent. As of December 31 1986 GATX had nine mln shares outstanding. Reuter | GATX <GMT> TO REPURCHASE UP TO 750,000 SHARES |
Qtrly 42 cts vs 42 cts prior Pay April 7 Record March 20 Reuter | THE CHUBB CORP <CB> SETS QTRLY PAYOUT |
SouthTrust Corp a 5.1 billion dlr multibank holding company said it entered into agreements to acquire four Florida banks with assets totalling more than 233.2 mln dlrs. Terms of the agreements were not disclosed. The four banks are: Central Bank of Volusia County with assets of 59.3 mln dlrs Bank of Pensacola with ass... | SOUTHTRUST <SOTR> TO ACQUIRE FOUR BANKS |
CARLING O'KEEFE SELLS STAR OIL UNIT TO UNITED COAL CANADA FOR 57 MLN DLRS | |
Advanced Telecommunications Corp <ITEL> said it called for the redemption on April 10 1987 of all its eight pct convertible subordinated debentures due 2006. The company said the redemption price is 1080 dlrs per 1000 dlrs of principal amount of debentures plus accrued interest from Feb One 1987 to April 10 1987. Th... | ADVANCED TELECOMMUNICATIONS REDEEMS DEBENTURES |
Hughes Tool Co rose one to 12-1/4 on 1658000 shares apparently reflecting a belief that Baker International Corp <BKO> will be able to persaude Hughes to go along with a previously announced merger analysts said. This week Hughes seemed to back out of the merger but then said it was still interested in talking. It s... | HUGHES TOOL <HT> UP ON MERGER SPECULATION |
Advanced Telecommunications Corp said it has called for redemption on April 10 all of its eight pct convertible subordinated debentures due 2006 at 1080 dlrs per 1000 dlrs principal amount plus accrued interest. The debentures are convertible into common stock at 8.25 dlrs per share. Reuter | ADVANCED TELECOMMUNICATIONS <ATEL> IN REDEMPTION |
Aetna Life and Casualty Co said it reached an agreement to acquire a 49 pct interest in Universal Life and General Insurance Sdn Bhd <ULG> a Malaysian composite insurance company. The company said the 51 pct balance will continue to be owned by Malaysia Apera Group of private investors. The transaction is valued at ... | AETNA <AET> REACHES AGREEMENT TO BUY COMPANY |
The American Stock Exchange said it has started trading one mln Class A common shares of newly-public Ecology and Environment Inc which provides services related to the management of hazardous and non-haxardous wastes. Reuter | AMEX STARTS TRADING ECOLOGY/ENVIRONMENT <EEI> |
The Jamaican Information Service said the rescheduling agreement reached with the Paris Club of western government creditors covers 125.5 mln dlrs of debt and not 25.5 mln dlrs as it announced yesterday. Under the accord clinched on Thursday in Paris 100 pct of the principal and 85 pct of the interest owed between Apri... | JAMAICA CORRECTS SIZE OF PARIS CLUB RESCHEDULING |
Carling OKeefe Ltd said it sold its Star Oil and Gas Ltd unit to United Coal (Canada) Ltd for about 57 mln dlrs cash. Carling said it will record an extraordinary gain of about two mln dlrs after tax or nine cts a common share resulting from the sale. The company did not elaborate further on financial terms. A Carling ... | CARLING O'KEEFE<CKB> SELLS OIL UNIT, TAKES GAIN |
The channel ferry Herald of Free Enterprise from the British Townsend Thorensen company was sinking off the Belgian coast tonight with 463 people on board the Dutch newsagency ANP reported today. An unspecified number of people had fallen into the water it said quoting the pilot organisation in this south-western Dutch... | CHANNEL FERRY REPORTED SINKING OFF BELGIUM |
Shr loss 1.22 dlrs vs profit 27 cts Net loss 8812432 vs profit 1847560 Revs 7981198 vs 10.3 mln Avg shrs 7187941 vs 6828368 NOTE: Current year includes tax credit of 800000 dlrs. Reuter | PATRICK PETROLEUM CO <PPC> YEAR LOSS |
Moniterm Corp said sales of its display system and color monitors in the first two months of this year have been strong compared with the fourth quarter of 1986 giving it confidence its sales target of 4.8 mln dlrs for the first quarter of 1987 is attainable. It said sales of these products for January and February wer... | MONITERM <MTRM> SAYS ORDER RATE STRENGTHENS |
Mobil Oil Corp said it is reorganizing its U.S. exploration and producing operations into a single affiliate Mobil Exploration and Producing U.S. Inc to be headquartered in Dallas effective April one. The Mobil Corp subsidiary said the operations are presently run from three affiliates located in Denver New Orleans and... | MOBIL <MOB> REORGANIZES U.S. EXPLORATION, OUTPUT |
A counter-proposal from creditor banks to Argentinas request for rescheduling its 50 billion dlr foreign debt was full of holes an Argentine observer at negotiations said. The negotiations are not going to prosper if (the creditor banks) do not change the counter-proposal put to Argentina as it is a Swiss cheese full o... | ARGENTINE OBSERVER CRITICAL OF DEBT STANCE |
The governments move to pare its huge financing costs by shortening debt maturities has left more room for other borrowers and sparked a lively market for treasury bills senior market analysts said. The Bank of Canada Ottawas fiscal agent in the marketplace revealed this week that sharply reduced borrowing needs has al... | CANADA'S MOVE TO SHORTEN DEBT TERMS AIDS MARKET |
Shr loss 24 cts vs loss nine cts Net loss 216697 vs loss 47344 Sales 144403 vs 118391 Reuter | EPITOPE INC <EPTO> 1ST QTR DEC 31 LOSS |
Shr loss 12 cts vs loss 16 cts Net loss 214000 vs 309000 Revs 3056000 vs 2545000 Year Shr loss 43 cts vs loss nine cts Net loss 754000 vs loss 159000 Revs 11.4 mln vs 11.4 mln Reuter | <CLARY CORP> 4TH QTR DEC 31 LOSS |
Lloyds Bank Canada a unit of <Lloyds Bank International PLC> said net profit soared to 3053000 dlrs for the first quarter ended January 31 from 9000 dlrs a year earlier. Loan loss provisions a mandatory five-year averaging of actual loan losses also rose in the first quarter to 6375000 dlrs from year-ago 113000 dlrs... | LLOYDS BANK CANADA 1ST QTR PROFIT RISES SHARPLY |
Strikes by Brazils 40000 seamen and by petrol station owners in four states are causing major headaches to a government already wrestling with a debt crisis. A week ago seamen began their first national strike for 25 years and union leaders say they have seriously affected Brazilian exports by making idle 160 ships. On... | BRAZIL STRIKES CAUSE GOVERNMENT MAJOR PROBLEMS |
First Union Corp said its Capital Management Group has begun publishing an investment newsletter targeted to private investors. The newsletter Vision will be published every three weeks. Annual subscriptions are 126 dlrs the company said. Reuter | FIRST UNION <FUNC> STARTS INVESTMENT NEWSLETTER |
LyphoMed Inc said it intends to file a registration statement with the Securities and Exchange Commission covering the sale of 70 mln dlrs principal amount of convertible subordinated debentures. Concurrent with the debenture offering LyphoMed said it plans to sell an additional 30 mln dlrs of debentures in Fujisawa Ph... | LYPHOMED<LMED> TO SELL 100 MLN DLRS DEBENTURES |
Franklin Computer Corp said it received a court order requiring the manufacturer and distributors of the Laser 128 personal computer to stop selling the computers with operating systems that are the subject of a recently filed copyright infringement suit. The company said <Video Technology Computers> of Hong Kong an... | FRANKLIN COMPUTER CORP <FDOS> GETS COURT ORDER |
Alaska Air Group Inc said its Alaska Airlines units February load factor fell to 49 pct from 51 pct during the same month last year and its year-to-date load factor was 49 pct down from 50 a year ago. February revenue passenger miles fell to 171.7 mln from 179 mln and year-to-date revenue miles dropped to 361.5 mln fro... | ALASKA AIR <ALK> UNIT HAS LOWER LOAD FACTOR |
Dome Petroleum Ltd is under pressure from one of its largest creditors <Canadian Imperial Bank of Commerce> to sell its 42 pct stake in <Encor Energy Corp Ltd> energy industry analysts said. Dome has pledged its 42.5 mln Encor shares as security for part of its debt to Commerce Bank estimated last year at 947 mln... | DOME PETE<DMP> SAID TO BE PRESSED TO SELL ENCOR |
Shr nil vs one ct Net 59608 vs 95909 Revs 2921629 vs 2918682 Avg shrs 7062172 vs 7273020 Year Shr loss 1.22 dlrs vs profit 27 cts Net loss 8812432 vs profit 1847560 Revs 3070327 vs 3195710 Avg shrs 7187941 vs 6828368 Reuter | PATRICK PETROLEUM CO <PPC> 4TH QTR NET |
Earthworm Tractor Co Inc said it accepted an invitation from the Ministry of Construction Road Building and Municipal Machinery to visit the Soviet Union next week to explore trading construction and liquefied natural gas equipment. The company said a representative of Prudential Bache Trade Corp will be part of the de... | EARTHWORM <WORM> ACCEPTS SOVIET INVITATION |
Qtr ends Jan 31 Shr six cts vs eight cts Net 103436 dlrs vs 134360 dlrs Revs 1762270 vs 1282463 Reuter | INLAND VACUUM INDUSTRIES INC <IVAC> 1ST QTR NET |
The Federal Aviation Administration said it expected continued growth for commercial aviation in the next 12 years with passenger traffic increasing at an annual rate of 4.5 pct on major scheduled airlines and 6.7 pct on commuter airlines. However the FAA forecast projects slower growth for general aviation than for th... | FAA SEES COMMERICAL AVIATION GROWTH CONTINUING |
Iranian Oil Minister Gholamreza Aqazadeh arrived in Algiers at the head of a large delegation for talks on stabilizing oil prices the official news agency APS said. In a brief arrival statement he said Iran and Algeria were engaged in continuous and stronger cooperation on the world petroleum market and had deployed co... | IRANIAN OIL MINISTER ARRIVES IN ALGERIA |
Shr 16 cts vs 55 cts Net 232000 vs 814000 Revs 22.4 mln vs 22 mln Year Shr 2.07 dlrs vs 2.43 dlrs Net 3108000 vs 3670000 Revs 106.7 mln vs 101.1 mln NOTE: Per share figures adjusted to reflect four-for-three stock split paid March 26 1986. Reuter | DEL LABORATORIES INC <DLI> 4TH QTR NET |
The director of the Treasury Departments office of international banking and portfolio investment said Japan should open its bond and stock markets to more U.S. firms. The Treasury would like to see greater openness of Jaspanese markets including more U.S. firms admitted to the Tokyo Stock Exchange and an increased rol... | U.S. TREASURY OFFICIAL URGES JAPAN OPEN MARKETS |
Rexon Inc said it filed a registration statement with the Securities and Exchange Commission covering the primary sale of 1.25 mln common shares through an underwriting group managed by Hambrecht and Quist. Rexon a maker of tape drives subsystems and computer-related products said it plans to use proceeds from the sale... | REXON <TEXN> FILES FOR STOCK SALE |
A senior Defense Department official said he believed President Reagan has decided against an early deployment of the controversial anti-missile defense system known as Star Wars. But the official Assistant Defense Secretary Richard Perle told a luncheon Reagan could decide within a few weeks to adopt a less restrictiv... | OFFICIAL SAYS REAGAN AGAINST EARLY SDI DEPLOYMENT |
chiles gross domestic product rose 5.7 pct last year to 18.8 billion dollars compared to a 2.4 pct rise in the previous year the central bank said. It said initial projections were for a 4.6 pct increase in gdp this year. The sectors which registered the greatest growth in 1986 were fisheries with 10 pct agriculture at... | CHILEAN GDP UP 5.7 PCT IN 1986, CENTRAL BANK SAYS |
Finance Minister Dilson Funaro currently on an international tour to seek governmental support for his efforts to solve Brazils 108-billion-dlr foreign debt crisis said creditors have expressed willingness to help. In an interview with the Globo television network transmitted from Rome Funaro said the reception by repr... | FUNARO SAYS CREDITORS WILLING TO HELP BRAZIL |
S/P UPGRADES GEORGIA-PACIFIC CORP'S 1.1 BILLION DLRS OF DEBT | |
ComFed Savings Banks wholly-owned subsidiary ComFed Mortgage Co Inc said it filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 2700000 shares of its common stock. The offering represents 16 pct of ComFed Mortgages stock the balance of which it will retain the co... | COMFED SAVINGS <CFK> UNIT FILES FOR OFFERING |
Landmark Savings Association said it completed the sale of its Whitehall Pa. office including deposits of about 31 mln dlrs to Parkvale Savings Association. Landmark said it realized a gain of about 1.1 mln dlrs on the sale. The price was not disclosed. Reuter | LANDMARK SAVINGS <LSA> COMPLETES OFFICE SALE |
The U.S. Feedgrains Council is surprised and disappointed by the Canadian Import Tribunals decision that imports of corn from the U.S. are materially injuring Canadian corn producers a council spokesman said. At a time when the world is attempting to liberalize trade in the new rounnd of multilateral negotiations it is... | U.S. FEEDGRAINS GROUP ATTACKS CANADA CORN RULING |
Qtly div 25 cts vs 25 cts prior Pay March 31 Record March 18 Reuter | HOLLY SUGAR CORP <HLY> SETS REGULAR DIVIDEND |
Shr profit one cent vs loss 37 cts Net profit 148000 dlrs vs loss 1686000 Revs 11.4 mln vs 10.9 mln NOTE: Company said net is before extraordinary items and taxes and declined to provide data on those items Reuter | CORADIAN CORP <CDIN> YEAR NET |
U.S. Agriculture Department animal health officials are conducting a national survey of live-bird markets and auctions to check for signs of avian influenza an infectious viral disease of poultry the department said. The survey will locate poultry dealers and live-bird markets that sell live birds directly to the consu... | USDA TO CONDUCT SURVEY FOR AVIAN INFLUENZA |
RJR Nabisco Inc filed with the Securities and Exchange Commission for a shelf offering of up to 500 mln dlrs of debt securities on terms to be set at the time of sale. The company said proceeds will be used for general corporate purposes including repurchases of RJR securities. Proceeds also may be used for working cap... | RJR NABISCO <RJR> FILES 500 MLN DLR DEBT OFFER |
About 200 people were rescued some badly hurt from a sinking cross Channel ferry carrying approximately 540 people off the Belgian port of Zeebrugge a port control spokesman said. The spokesman contacted by telephone said only one third of car ferry the Herald of Free Enterprise owned by the British company Townsend Th... | TWO HUNDRED PEOPLE RESCUED FROM SINKING FERRY |
The Liposome Co Inc said it and its wholly-owned subsidiary Liposome Japan Co Ltd will sponsor a major seminar on liposome at Tokyo University on March 12 1987. Liposomes are microscopic man-made spheres composed of lipids that can be engineered to entrap drugs or other biologically active molecules within the lipid me... | LIPOSOME CO <LIPO> AND UNIT TO SPONSOR SEMINAR |
Standard and Poors Corp said it upgraded Georgia-Pacific Corps 1.1 billion dlrs of debt. Raised were the companys senior debt to A-minus from BBB-plus preferred stock to BBB-plus from BBB and preliminary rating on shelf securities to A-minus from BBB-plus. S and P said the action reflected prospects for continued healt... | GEORGIA-PACIFIC <GP> DEBT UPGRADED BY S/P |
Oper shr loss one ct vs loss 2.65 dlrs Oper net loss 100000 vs loss 32.7 mln Revs 142.3 mln vs 168.8 mln 12 mths Oper shr profit 57 cts vs loss 2.76 dlrs Oper net profit 7072000 vs loss 34.2 mln Revs 544.0 mln vs 572.2 mln Note: 1986 oper net excludes tax credits of 2149000 dlrs for qtr and 2200000 dlrs for 12 mths. In... | FOXBORO CO <FOX> 4TH QTR LOSS |
U.S. Agriculture Secretary Richard Lyng said no decisions were taken today at a White House Economic Policy Council meeting. Speaking to reporters on his return from the meeting Lyng said only about five minutes of the session dealt with agriculture issues. It was not a decision making meeting Lyng said. Aides to Lyng ... | LYNG SAYS NO DECISIONS TAKEN AT CABINET COUNCIL |
Treasury balances at the Federal Reserve fell on March 5 to 3.467 billion dlrs from 3.939 billion dlrs the previous business day the Treasury said in its latest budget statement. Balances in tax and loan note accounts fell to 14.350 billion dlrs from 14.391 billion dlrs on the same respective days. The Treasurys operat... | TREASURY BALANCES AT FED FELL ON MARCH 5 |
<Amir Mines Ltd> said it completed negotiations on a private placement with institutional investors in the United Kingdom Europe and Canada. The placement will consist of one mln shares of Amir Mines at 2.90 Canadian dlrs per share. In London Continental Carlisle Douglas Securities and Yorkton Securities acted as ag... | AMIR MINES COMPLETES PRIVATE PLACEMENT |
Standard and Poors Corp said it cut to B from B-plus 900 mln dlrs of notes due 1994 of Holiday Inns Inc a unit of Holiday Corp. S and P said the action reflected a change in the issues terms to unsecured from secured. That change was made after S and Ps initial rating release on February 20 it noted. After the firms re... | HOLIDAY <HIA> UNIT'S NOTES DOWNGRADED BY S/P |
Fluor Constructors Inc which is owned by Fluor Corp has received a 197.6 mln dlr contract for work on facilities which will be used in ground-based free electron laser technology the Defense Department said. REUTER | FLUOR <FLR> GETS 197.6 MLN DLR CONTRACT |
President Reagan formally ended preferential duty-free trade treatment for exports from Nicaragua Romania and Paraguay under the Generalized System of Preferences (GSP). He took the action after determining that the three countries are not taking steps to give their workers internationally recognized rights. U.S. Trade... | NICARAGUA, ROMANIA, PARAGUAY LOSE TRADE RIGHTS |
Lockheed Corp has received an 80.0 mln dlr contract for engineering support services for high energy laser facilities the Defense Department said. REUTER | LOCKHEED <LK> GETS 80.0 MLN DLR CONTRACT |
Advocates of a 0/92 plan for feedgrains will likely delay offering their proposals if a disaster aid bill before the House Agriculture Committee is scaled back to include only 1987 winter wheat congressional sources said. The disaster aid bill introduced by Rep. Glenn English (D-Okla.) sparked sharp controversy with it... | U.S. FEEDGRAIN 0/92 SUPPORTERS EVALUATE POSITION |
FMC Corp has received a 46.6 mln dlr contract for work on the MK-41 vertical launching system the Navy said. REUTER | FMC <FMC> GETS 46.6 MLN DLR NAVY CONTRACT |
Shr loss 20 cts vs profit 14 cts Net loss 1417000 vs profit 933000 Revs 5623000 vs 5403000 Avg shrs 6957300 vs 7115248 Six mths Shr loss 18 cts vs profit 43 cts Net loss 1269000 vs profit 3079000 Revs 15.7 mln vs 14.2 mln Avg shrs 7195720 vs 7115248 Reuter | ALFIN INC <AFN> 2ND QTR JAN 31 LOSS |
Bell and Howell Co said it completed the sale of its computer output microfilm business to COM Products Inc a unit of privately-held <LeBow Industries Inc>. The sum of the deal was not disclosed. The unit makes a device that prints data directly from a computer onto microfilm. Reuter | BELL AND HOWELL <BHW> COMPLETES SALE OF UNIT |
Zenith Laboratories Inc said the Food and Drug Administration approved Cephradine an antibiotic for marketing. The maker of generic drugs less costly versions of brand name drugs that have lost their patents said Cephradine has been available as Velosef from Squibb Corp <SQB> and Anspor from a SmithKline Beckman Cor... | FDA APPROVES CEPHRADINE BY ZENITH <ZEN> |
General Instrument Corp has received a 36.0 mln dlr contract for electronic support work for P-3C Orion anti-submarine warfare planes and SH-2F anti-submarine helicopters the Navy said. REUTER | GENERAL INSTRUMENT <GRL> GETS CONTRACT |
U.S. BUSINESS LOANS FALL 618 MLN DLRS IN FEB 25 WEEK, FED SAYS | |
The Boeing Co has received a 34.6 mln dlr contract for work on the E-3A AWACS radar plane program the Air Force said. REUTER | BOEING <BA> GETS 34.6 MLN DLR CONTRACT |
Business loans on the books of major U.S. banks excluding acceptances fell 618 mln dlrs to 278.88 billion dlrs in the week ended February 25 the Federal Reserve Board said. The Fed said that business loans including acceptances fell 897 mln dlrs to 281.23 billion dlrs. Reuter | U.S. BUSINESS LOANS FALL 618 MLN DLRS |
Shr 85 cts vs 1.20 dlrs Net 5130000 vs 7236000 Revs 93.6 mln vs 91.9 mln Reuter | HYPONEX CORP <HYPX> YEAR NET |
Hyponex Corp said it filed with the Securities and Exchange Commission for a public offering of 100 mln dlrs of senior subordinated debentures due 1999 with an over-allotment option of 15 mln dlrs. Drexel Burnham Lambert Inc is sole manager of the offering the lawn products company said. Reuter | HYPONEX <HYPX> FILES FOR DEBT OFFER |
Airgas Inc said chairman and chief executive officer C Perkins resigned but agreed to serve as a consultant on acquisitions and foreign sales. The company said Perkins under a five year consulting contract will work closely with his designated successor president Peter McCausland. McCausland is expected to be appointed... | AIRGAS <AGA> CHAIRMAN STEPS DOWN |
BENEFICIAL CORP RATING LOWERED BY STANDARD AND POOR'S, AFFECTS 3.7 BILLION DLRS OF DEBT | |
Shr loss 33 cts vs profit 38 cts Net loss 2359978 vs profit 2805389 Revs 76.2 mln vs 61.8 mln Avg shrs 7096886 vs 7392586 Reuter | HMO AMERICA INC <HMOA> YEAR LOSS |
Brazils economic crisis is forcing a wholesale re-examination of the established strategy for dealing with developing-country debt leading bankers say. While finance minister Dilson Funaro is unlikely to succeed in his attempt at seeking an outright political solution to the debt problem Brazils suspension of interest ... | BRAZIL CRISIS SPURS RETHINK OF DEBT STRATEGY |
The United States plans to sell 84 mln dlrs in electronic equipment to South Korea to upgrade that countrys Hawk anti-aircraft missiles the Reagan administration announced. The sale of 28 modification kits to upgrade the I-Hawk (Improved Hawk) missiles already in South Korea is expected to become official in 30 days wi... | U.S. TO SELL ELECTRONIC EQUIPMENT TO S. KOREA |
Technigen Platinum corp said initial results of a 13-hole drilling program on its R.M. Nicel platinum property in Rouyn-Noranda Quebec indicate extensive near-surface zones highly enriched in gold platinum and palladium. The metals were found in rocks on the periphery of a sulphide deposit. It said values of up to 0.07... | TECHNIGEN PLATINUM CORP IN METALS FIND |
The National Pork Producers Council NPPC announced at this years American Pork Congress APC that the Congress and trade show will be divided into two parts in 1988. Next years APC held in Atlanta will be a business session only and will continue to be the first week of March. The trade show is being changed into a new ... | AMERICAN PORK CONGRESS TO BE OVERHAULED IN 1988 |
ICO Inc said its common stock will be removed from trading on the American Stock Exchange because it failed to meet certain exchange guidelines including net worth requirements. The company which has been unprofitable for three out of the last four years said its stock will be delisted from the AMEX on March 13 and wil... | ICO <ICO> TO BE DELISTED FROM AMEX |
The United States said it was transferring 115 mln dlrs in aid to Egypt as a cash grant to help boost its ailing economy. The funds are part of 815 mln dlrs in economic aid voted by Congress for 1987. State Department spokeswoman Phyllis Oakley stressed that the transfer was not unexpected and told reporters We simply ... | EGYPT TO RECEIVE 115 MLN DLR CASH GRANT |
DTD Enterprises Inc said it filed an 8-K report indicating that <EaglesLair Development Corp> had assumed control of the company under a reorganization plan signed last month. The company said D. Gerald Lach president of EaglesLair was named president and a director of DTD. In addition DTSs board resigned and Eagles... | <DTD ENTERPRISES INC> IN REORGANIZATION |
Pittway Corp <PRY> charged Black and Decker Inc with infringing on Pittways switch mechanism patent for two models of Pittways First Alert rechargeable flashlights. Pittway said it filed suit in U.S. District Court Northern District of Illinois Eastern Division alleging Black and Decker also violated the copyright a... | BLACK/DECKER <BDK> CHARGED WITH VIOLATING PATENT |
Qtly div 13 cts vs 12 cts prior Pay April 17 Record March 31 Reuter | SCHWAB SAFE CO <SS> UPS PAYOUT |
Shr 31 cts vs 53 cts Net 960143 dlrs vs 1631011 dlrs Revs 27.4 mln dlrs vs 18.9 mln dlrs Avg shrs 3079533 vs 3096095 12 mths Shr 1.01 dlrs vs 92 cts Net 3113337 dlrs vs 2855755 dlrs Revs 106.5 mln dlrs vs 78.3 mln dlrs Avg shrs 3079516 vs 3089140 NOTE: per share amounts for qtr and year prior have been restated to refl... | PHYSICIANS INSURANCE CO <PICO> 4TH QTR NET |
Knight-Ridder Inc said its newspaper advertising revenues for the month of January rose 9.1 pct to 105.1 mln dlrs from 96.3 mln dlrs a year earlier. It said January broadcasting revenues rose 48.8 pct to 6.8 mln dlrs from a year ago but include the results of three stations absent in the prior year period. Business Inf... | KNIGHT-RIDDER <KRI> JANUARY REVENUES RISE |
Standard and Poors Corp said it lowered the ratings on about 3.7 billion dlrs of Beneficial Corps long-term debt. S/P said that its action follows the firms sizeable 186.6 mln dlr loss at year-end 1986. It also reflects S/Ps expectation that Beneficials profitability will not return to pre-1986 levels soon after the fi... | BENEFICIAL CORP <BNL> DEBT RATINGS CUT BY S/P |
Bradley Real Estate Trust said it signed a 99-year lease for property in downtown Minneapolis to BCED Minnesota Inc. The lease will increase net income by about 24 cts a share on a post-February 1987 three-for-two stock split basis. For 1986 the Trust reported net income of 1.3 mln dlrs or 38 cts a share on a post-spli... | BRADLEY <BRLY> ANNOUNCES LONG-TERM LEASE |
The United States said it was transferring 115 mln dlrs in aid to Egypt as a cash grant to help boost Cairos ailing economy. The funds are part of 815 mln dlrs in economic aid voted by Congress for 1987. State Department spokeswoman Phyllis Oakley stressed that the transfer was not unexpected and told reporters We simp... | EGYPT TO RECEIVE 115 MLN DLR CASH GRANT |
Hogan Systems Inc said it signed a software contract with Amsterdam Rotterdam Bank N.V. The contract is valued at about two mln dlrs over the new two years Hogan said. Reuter | HOGAN SYSTEMS <HOGN> GETS AMSTERDAM CONTRACT |
SEMICONDUCTOR ASSOCIATION SAYS FEBRUARY BOOK-TO-BILL RISES TO 1.13 | |
Federal Reserve Board member Robert Heller said the trend toward global financial markets required that all participants be treated even-handedly on such matters as bank capital requirements. The recent U.S.-U.K. agreement on capital adequacy provided a model for others including Japan Heller told a Georgetown Universi... | HELLER SEES GLOBAL TREND FOR BANK RULES |
The Government National Mortgage Association has decided not to raise its guarantee fee on mortgage securities Louis Gasper Ginnie Mae executive vice president said. Ginnie Mae which guarantees securities backed by Federal Housing Administration and Veterans Administration mortgages had planned to raise the fee March o... | GINNIE MAE DROPS FEE INCREASE ON SECURITIES |
(Dumez Investments I Inc) said 94.7 pct of Westburne International Industries Ltds outstanding common shares have been deposited under its takeover bid. It said it has received about 11070000 shares under its 22.50 dlrs per share offer which expired yesterday. Dumez said it will proceed to acquire the remaining common ... | DUMEZ UNIT HAS 94 PCT OF WESTBURNE (WBI) |
<Canadian Natural Resources Ltd> said it agreed in principle to sell 80 pct of its working interest in certain producing and non-producing natural gas properties located in southwestern Saskatchewan. The transaction is expected to close on April 1 1987 the company said. It did not identify the buyer nor give the sel... | CANADIAN NATURAL RESOURCES TO SELL STAKE |
<Malrite Guaranteed Broadcast Partners L.P.> said it bought WTRK Inc from <Cox Enterprises Inc> for 13.8 mln dlrs in cash. It said WTRK owns and operates WTRK-FM a Philadelphia radio station. Transfer of the license for the sation has been approved by the Federal Communications Commission. Malrite Guaranteed said... | MALRITE BUYS COX'S RADIO STATION UNIT |
Analysis and Technology Inc said it won contracts and increases in existing contracts valued at 2.9 mln dlrs from the U.S. Navy in February. The awards include 1.8 mln dlrs an extension of an existing contract for engineering and technical services and 1.1 mln dlrs in several smaller contracts. Reuter | ANALYSIS/TECHNOLOGY <AATI> WINS NAVY CONTRACTS |
Exxon Corp said that forgeries of a 20-year zero-coupon Euronote issued by its Exxon Capital Corp subsidiary have been discovered in the European market. The issue involved was launched in 1984 and matures on November 15 2004. About 1900 notes with a total face value of 19 mln dlrs and a market value of about four mln ... | FORGED EXXON <XON> ZERO-COUPON EURONOTES FOUND |
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