text stringlengths 0 9.69k | target stringlengths 0 137 |
|---|---|
Xyvision Inc said it has received 1900000 dlrs in orders for its computer-integrated publishing systems from nine commercial customers. Reuter | XYVISION <XYVI> GETS 1.9 MLN DLRS IN ORDERS |
<Jannock Ltd> said it acquired a 50 pct interest in Intercon Security Ltd for five mln dlrs and Intercon founders Brian Legge and Richard Grange will hold the remaining 50 pct and will continue to manage the company. Intercon Security employing 850 people provides a full range of security equipment and services Jann... | JANNOCK ACQUIRES 50 PCT OF INTERCON SECURITY |
Petro-Canada the state-owned oil company said it raised the contract price it will pay for crude oil 64 Canadian cts a barrel effective March six. Petro-Canadas posted price for the benchmark light sweet grade Edmonton/Swann Hills at 40 api gravity now stands at 21.95 Canadian dlrs/bbl. Their light sour grade is posted... | CANADIAN OIL COMPANIES RAISE CRUDE PRICES |
FORD MOTOR CO, FORD MOTOR CREDIT MAY BE RAISED BY MOODY'S, AFFECTS 23 BILLION DLRS OF DEBT | |
DART GROUP SAID IT OFFERS TO BUY SUPERMARKETS GENERAL AT 41.75 DLRS/SHR | |
The Agriculture Department will have to release an estimated 1.6 billion dlrs worth of in-kind certificates or certs to corn farmers this fall if USDA decides to maintain an equal split of total 1986 feedgrain deficiency payments in cash and certs USDA officials said. Final 1986 crop deficiency payments will be availab... | FINAL 50/50 CORN CERTS SEEN AT 1.6 BILLION DLRS |
Singer Co said its flight simulator designed to train pilots in dealing with wind shear was endorsed by the Federal Aviation Administration FAA. The wind sheer profile will be available on all of Singers SimuFlite Training International Phase II jet simulators by mid-1987 the company said. While the company can use the... | FAA ENDORSES SINGER <SMF> WIND SHEAR SIMULATOR |
J.W. Mays Inc said it made the final payment of 84519 dlrs due its unsecured creditors under its reorganization plan. The company said it has been out of bankrputcy since February 14 1984 and has now made its final payment to creditors. Mays said it had until March 1 1988 to pay certain interest due to unsecured credit... | J.W. MAYS INC <MAYS> COMPLETES PAYMENTS |
<BCI Holdings Corp> said its <Beatrice U.S. Food Corp> retained Shearson Lehman Brothers Inc to assist in the sale of its national bottled water business. It said products of the subsidiary based in Monterey Park Calif. are sold under the Arrowhead brand name in California and Arizona the Ozarka name in Texas and... | BCI HOLDINGS TO SELL BOTTLED WATER DIVISION |
The first 23 members have been elected to the joint traded options facility of the London Commodity Exchange (LCE) and the International Petroleum exchange (IPE) the exchanges said in a statement. More firms have applied and the final tranche will be admitted on April one and trading is planned to start in early June o... | LCE AND IPE ELECT FIRST TRADED OPTIONS MEMBERS |
USDA ESTIMATES 1986/87 USSR GRAIN IMPORTS 26.0 MLN TONNES VS 23.0 IN FEB, 29.9 IN 1985/86 | |
USDA ESTIMATES 1986 SOVIET GRAIN CROP AT 210 MLN TONNES VS 210 IN FEB, 192 YEAR-AGO | |
Dart Group Corp said it offered to buy Supermarkets General Corp for 41.75 dlrs per share in cash. Earlier Supermarkets General said an unsolicited third party had made the offer. Analysts estimated the value at about 1.6 billion dlrs based on 38.5 mln shares outstanding. Kidder Peabody and Co Inc told Dart that Kidder... | DART <DARTA> MAKES OFFER FOR SUPERMARKETS <SGL> |
The U.S. Agriculture Department forecast the Soviet 1986/87 wheat crop at 92.30 mln tonnes vs 92.30 mln tonnes last month. It put the 1985/86 crop at 78.10 mln tonnes vs 78.10 mln tonnes last month. Soviet 1986/87 coarse grain production is estimated at 103.30 mln tonnes vs 103.30 mln tonnes last month. Production in 1... | USDA ESTIMATES SOVIET WHEAT, COARSE GRAINS |
The U.S. Agriculture Department projected an average yield of 1.47 gallons of frozen concentrated orange juice per box (42.0 degree brix equivalent) from Floridas 1986/87 crop. That compares with 1.46 gallons per box previously and 1.38 gallons per box from the 1985/86 crop. The crop reporting board said the estimates ... | USDA ORANGE JUICE YIELD ESTIMATE |
Standard and Poors Corp said it is reviewing debt of Caesars World Inc with negative implications following New York investor Martin Sosnoffs 725.2 mln dlr bid to buy the Caesars World common shares he does not yet own. The issues include Caesars Worlds BB-rated senior debt and single-B-plus subordinated debt and Caesa... | S/P MAY DOWNGRADE CAESARS WORLD <CAW> DEBT |
The U.S. Agriculture Department estimated 1987 winter potato production based on March 1 conditions at 2788000 cwts (100 lbs) vs 2764000 cwts indicated last month and 2991000 cwts last year. The department estimated winter potato area for harvest at 11900 acres vs 11900 acres last month and 12300 acres in 1986. The yie... | USDA WINTER/SPRING POTATO ESTIMATES |
About 800 members of the United Food and Commercial Workers Union UFCWU struck John Morrells Sioux City Iowa pork processing plant at midnight Sunday a spokesman for the UFCWU national said. Meatpackers at the plant have been working without a contract since the old pact expired January 31 UFCWU spokesman John Mancuso ... | MEATPACKERS STRIKE MORRELL SIOUX CITY PLANT |
Chrysler Corp said over the next two years it will phase out production at its Indianapolis Electrical Plant which currently employs 975 hourly hourly and salaried workers. The company said that its recently concluded study indicated the plant now operating at less than 50 pct capacity could not be competitive in an in... | CHRYSLER <C> TO CLOSE INDIANA ELECTRICAL PLANT |
MTS Acquisition Corp said it will need about 907 mln dlrs to acquire the 31781461 Caesars World Inc shares not owned by its owner Martin T. Sosnoff. The estimate came in MTS Acquisitions proxy statement to Caesars World shareholders describing its offer of 28 dlrs a share for their stock which was announced this mornin... | CAESARS WORLD <CAW> BID VALUED AT 907 MLN DLRS |
Moodys Investors Service Inc said it is reviewing the long-term debt ratings of Ford Motor Co and Ford Motor Credit Co for possible upgrade. About 23 billion dlrs of debt is affected. Moodys said it recognizes Fords recent superior operating results and is assessing whether this performance can be expected to continue.... | FORD <F> DEBT RATINGS MAY BE RAISED BY MOODY'S |
Carolin Mines Ltd said recent assays of tailings at its Hope British Columbia mine ranged from 0.50 to 0.64 ounces of gold per ton. There were only trace amounts of platinum and palladium the company said. Carolin said the results sharply disagreed with an earlier assay performed by Intergold U.S.A. Inc which showed 1.... | CAROLIN MINES HAS NEW GOLD ASSAY RESULTS |
The Commodity Credit Corporation CCC has authorized 25.0 mln dlrs in credit guarantees to North Yemen to cover purchases of U.S. wheat under the Intermediate Export Credit Guarantee Program (GSM-103) the U.S. Agriculture Department said. Under the program credit terms extended must be in excess of three yeras but not m... | CCC WHEAT CREDIT GUARANTEES FOR NORTH YEMEN |
The Commodity Credit Corporation CCC has accepted one bonus offer from an exporter on the sale of 4400 tonnes of barley malt to Nigeria the U.S. Agriculture Department said. The department said the bonus awarded was 100.00 dlrs per tonne and was made to Rahr Malting Co and will be paid in the form of commodities from t... | CCC ACCEPTS EXPORT BONUS BARLEY MALT TO NIGERIA |
<Guinness PLC> said William G. Pietersen has been named president of Guinness America Inc in addition to his role as president of the companys North American Wine and Spirits operations. Guinness also said John M. Huston has been named vice president finance of the North American unit which has also created the offi... | GUINNESS NAMES OFFICIALS FOR U.S. OPERATIONS |
Bank of Ireland said it has mandated Barclays de Zoete Wedd Ltd (BZW) to arrange a 300 mln stg committed certificate of deposit issuance facility. The facility will be used to fund Bank of Irelands new U.K. Home mortgage subsidiary BankAmerica Finance Ltd which will be renamed shortly. The certificates will be sold thr... | BANK OF IRELAND SEEKS 300 MLN STG CD FACILITY |
Carolin Mines Ltd said recent assays of tailings at its Hope British Columbia mine indicated that ounces of gold per ton ranged from 0.64 to 0.50. There were only trace amounts of platinum and palladium the company said. Carolin said the results sharply disagreed with an earlier assay performed by Intergold U.S.A. Inc ... | CAROLIN MINES <CRLNF> HAS NEW ASSAY RESULTS |
Bausch and Lomb Inc said it began marketing a new product designed to lubricate and protect the cornea of the eye for post-surgical and other patients. The company said the product the Bio-Cor Fyodorov Collagen Corneal Shield will be manufactured and distributed through its newly formed surgical products unit located i... | BAUSCH/LOMB <BOL> MARKETS CORNEA PRODUCT |
Brazilian marines were today working on the unloading of ships at the local port as a national strike by 40000 seamen entered its 10th day without signs of an agreement. The halt the first national strike by seamen in 25 years started on February 27 and union leaders said they would not return to work unless they recei... | SEAMAN'S STRIKE CONTINUES, MARINES UNLOAD SHIPS |
The U.S. Agriculture Department increased its estimate of Soviet 1986/87 grain imports to 26 mln tonnes from last months projection of 23 mln tonnes. In its monthly USSR Grain Situation and Outlook USDA said the increase reflected the return of the Soviet Union to the U.S. corn market and continued purchases of both wh... | USDA RAISES SOVIET GRAIN IMPORT ESTIMATE |
Hartford National Corp said the China Industry Commerce and Development Corp agreed to work exclusively with its Connecticut National Bank unit in banking business between China and all six New England states. The company said China Industry Commerce will provide import and export assistance economic and business infor... | HARTFORD NATIONAL UNIT <HNAT> SETS CHINA PACT |
up to 300 people were feared dead and more than 15000 people left homeless by thursdays earthquake which will cost Ecuador close to 800 mln dlrs in lost petroleum revenues authorities said. They estimated the cost of repairing a damaged oil pipeline at 150 mln dlrs. the magnitude of the damages caused by the earthquake... | ECUADOR QUAKE TO CUT OIL REVENUES 800 MLN DLRS |
BUSINESS EDITOR THEODORE CROSS OFFERS 34 DLRS SHARE FOR HARPER AND ROW | |
The U.S. Agriculture Department estimated Canadas 1986/87 wheat crop at 31.85 mln tonnes vs 31.85 mln tonnes last month. It estimated 1985/86 output at 24.25 mln tonnes vs 24.25 mln last month. Canadian 1986/87 coarse grain production is projected at 27.62 mln tonnes vs 27.62 mln tonnes last month. Production in 1985/8... | USDA ESTIMATES CANADIAN CROPS |
The U.S. Agriculture Department forecast Australias 1986/87 wheat crop at 17.30 mln tonnes vs 17.50 mln tonnes last month. It estimated 1985/86 output at 16.13 mln tonnes vs 16.13 mln last month. Australian wheat exports in 1986/87 are forecast at 14.50 mln tonnes vs 15.00 mln tonnes last month while exports in 1985/86... | USDA ESTIMATES AUSTRALIA WHEAT CROP |
Theodore Cross editor of Business and Society Review a business publication said an investor group he heads has offered to buy Harper and Row Publishers Inc for 34 dlrs a share cash. In a filing with the Securities and Exchange Commission Cross said he proposed the takeover to the board of the New York publishing house... | BUSINESS EDITOR OFFERS 34 DLRS FOR HARPER <HPR> |
French maize producers will ask the EC Commission to grant permanent maize export rebates following the recent EC/U.S. Accord guaranteeing the U.S. An annual export quota of two mln tonnes of maize for Spain over four years the French maize producers association AGPM said. The Commission has already decided to accord r... | FRANCE TO REQUEST PERMANENT MAIZE REBATES |
The dollar will decline over the next two to three years but this is unlikely to result in a complete reduction of the U.S. current account deficit said Anthony Solomon chairman of S.G. Warburg (USA) Inc and former president of the Federal Reserve Bank of New York. In a presentation to the Japan Society Solomon said wi... | U.S. PAYMENTS GAP TO PERSIST, EX-FED CHIEF SAYS |
The Commodity Credit Corporation CCC has accepted a bonus offer from an exporter on the sale of 13 head of dairy cattle to Morocco the U.S. Agriculture Department said. The department said the bonus awarded was 1505.00 dlrs per head and was made to Brown Swiss Enterprises Inc. It will be paid in the form of commodities... | CCC ACCEPTS EXPORT BONUS DAIRY CATTLE TO MOROCCO |
The Commodity Credit Corporation CCC has accepted a bonus offer from an exporter on the sale of 75 head of dairy cattle to the Canary Islands the U.S. Agriculture Department said. The department said the bonus awarded was 1459.00 dlrs per head and was made to T.K. International Inc. It will be paid in the form of commo... | CCC EXPORT BONUS DAIRY CATTLE FOR CANARY ISLANDS |
U.S. CONSUMER CREDIT ROSE 536 MILLION DLRS IN JAN VS 144 MILLION DEC GAIN | |
Marathon Petroleum Company a subsidiary of USX Corp <X> said it raised the contract price it pays for three grades of crude oil effective March 6. Illinois Sweet and Indiana Sweet are both being raised 50 cts a barrel to 16.75 dlrs/bbl and the Southern Michigan grade is being raised 25 cts/bbl also to 16.75 dlrs a b... | USX <X> UNIT RAISES SOME CRUDE POSTINGS |
UNITED BRANDS INC 4TH QTR SHR PROFIT SIX CTS VS LOSS 11 CTS | |
National Fuel Gas Co said its board has approved a two-for-one stock split and will consider an increased cash dividend at its June meeting. The company also said management will recommend at the June board meeting an increase of 12 cts per share in the current annual dividend rate of 2.28 dlrs a share raising it to 2.... | NATIONAL FUEL GAS <NFG> SETS SPLIT, HIGHER PAYOUT |
Sensormatic Electronics Corp said it upped its investment in CheckRobot Inc in the form of 2.5 mln dlrs of convertible preferred stock raising its stake in CheckRobot to 42 pct from 37 pct on a fully diluted basis. Reuter | SENSORMATIC <SNSR> UPS CHECKROBOT <CKRB> STAKE |
Emergy Air Freight Corp said its shipments rose 12 pct to 1190000 last month from 1067000 in February 1986. The company said the weight of these shipments was up 20 pct to 52.7 mln pounds from 44.0 mln a year earlier. Reuter | EMERY AIR <EAF> FEBRUARY SHIPMENTS UP 12 PCT |
The New York Shipping Association and International Longshoremens Association said they agreed to cut cargo assessments at the Port of New York and New Jersey by more than 50 pct on some labor intensive cargos. The charges on cargo handled by union workers will be reduced to 2.85 dlrs a ton from 5.85 dlrs a ton effecti... | UNION, SHIPPERS AGREE TO CUT N.Y. PORT COSTS |
Treasury balances at the Federal Reserve rose on March 6 to 3.879 billion dlrs from 3.467 billion dlrs the previous business day the Treasury said in its latest budget statement. Balances in tax and loan note accounts fell to 12.453 billion drls from 14.350 billion dlrs on the same respective days. The Treasurys operat... | TREASURY BALANCES AT FED ROSE ON MARCH 6 |
CSX Corps Sea-Land Corp unit said it will offer improved containership services between Puerto Rico and the East Coast and Gulf Coast of the United States beginning March 16. The carrier said it will provide shorter door-to-door transit times more convenient cargo availability and better rail connections for traffic mo... | CSX <CSX> UNIT SETS IMPROVED SHIPPING SERVICE |
Oshkosh Truck Corp (OTRKB) has received a 64.0 mln dlr contract for work on 432 diesel engine drive MK-48 series vehicles the Army said. REUTER | OSHKOSH TRUCK GETS 64.0 MLN DLR ARMY DEAL |
a confidential world bank report on the peruvian economy said the governments strategy does not offer good prospects for medium and long-term growth and is likely to quickly lead to inflation. The report published today by an economic monthly the peru report said the success of president alan garcias government in stim... | WORLD BANK REPORT CRITICISES PERU ECONOMIC PLAN |
European Community finance ministers discussed the economic outlook for the 12-nation bloc and many said a recent gloomy forecast by the EC Commission was too pessimistic. The Commission the ECs executive authority two weeks ago cut its forecast for economic growth in the Community to 2.3 per cent for this year from 2.... | MINISTERS FEEL EC FORECASTS TOO PESSIMISTIC |
U.S. consumer instalment credit rose a seasonally adjusted 536 mln dlrs in January after a revised rise of 144 mln dlrs in December the Federal Reserve Board said. The annual rate of growth in January was 1.1 pct up from 0.3 pct in December. Previously the Fed said consumer credit rose 105 mln dlrs in December. Among t... | U.S. CONSUMER CREDIT ROSE 536 MLN DLRS IN JAN |
CONOCO RAISES CRUDE OIL PRICES UP TO ONE DLR BARREL, WTI AT 17.50 DLRS | |
Systemhouse Inc said it won a contract valued at 2.6 mln dlrs from Genstar Stone Products a Hunt Valley Md. supplier of building materials to design install and operate Genstars data center in Baltimore. The data center is scheduled to begin operating in May. The pact is a three-year deal the company said. Reuter | SYSTEMHOUSE <SHKIF> WINS DATA CENTER CONTRACT |
The chiefs of Viacom International Inc and <National Amusements Inc> said they met and agreed to work together to complete the previously announced merger of the two companies as expeditiously as possible. A spokeswoman for Viacom declined to say if the executives had set a timetable for closing the deal. Viacom las... | VIACOM <VIA>, NAT'L AMUSEMENTS SEEK FAST MERGER |
Officials of major brokerage firms expressed dismay at a New York Stock Exchange decision to force strict compliance with a rule barring members from trading in NYSE-listed issues in London during New York trading hours. Most major brokerage houses said they had seen no formal notice from the NYSE on the interpretation... | BROKERS SAY NYSE RULE SHIFT LIMITS FLEXIBILITY |
The Agricultural Stabilization and Conservation Service (ASCS) bought 25.7 mln pounds of wheat flour at a cost of 2.8 mln dlrs for domestic shipment April 1-15 and April 16-30 an ASCS spokesman said. ASCS also bought 11.1 mln pounds of bakers flour for 1.1 mln dlrs 1.9 mln pounds of pasta for 408258 dlrs 1.4 mln pounds... | ASCS BUYS PROCESSED PRODUCTS FOR DOMESTIC USE |
GENERAL CINEMA CORP 1ST QTR OPER SHR 43 CTS VS 47 CTS | |
The Federal Home Loan Bank Board said interest rates on both fixed rate and adjustable rate home mortgage loans were down substantially in early February. The bank board said the average effective commitment rate for fixed mortgages with a maturity of at least 15 years for new home purchases dropped to 9.54 pct in earl... | BANK BOARD SAYS MORTGAGE RATES DOWN IN FEBRUARY |
Cullinet Software Inc said it reached a marketing agreement with <Epic Data Corp> under which both companies will sell data collection and software products for inventory management. Epic makes data collection equipment while Cullinet is a software developer. The initial product developed under the accord is expecte... | CULLINET SOFTWARE <CUL> SETS MARKETING PACT |
S/P MAY DOWNGRADE 6.6 BILLION DLRS OF CHRYSLER DEBT DUE TO PLANNED AMC PURCHASE | |
NORANDA TO SPIN OFF FOREST INTERESTS INTO SEPARATE COMPANY | |
American Petroleum Institute President Charles DiBona said no options should be rejected to combat growing U.S. dependence on foreign oil. No action should be ruled out--import fees or quotas floor prices tax incentives or other alternatives--while a national dialogue on the issue continues DiBona said at a paper insti... | API PRESIDENT SEES OPTIONS TO AVERT OIL CRISIS |
U.S. SELLS 3-MO BILLS AT 5.63 PCT, STOP 5.64 PCT, 6-MO 5.59 PCT, STOP 5.60 PCT | |
A top Treasury official said he does not expect any comprehensive Congressional reform of the U.S. banking industry until after the 1988 presidential election due to political pressures and to a lesser extent the insider trading scandal on Wall Street. George Gould Under Secretary of the Treasury told a Wall Street Pla... | TOP U.S. OFFICIAL SEES DELAY IN BANK REFORM |
National Distillers and Chemical Corp said it completed the sale of Almaden Vineyards Inc to Heublein Inc for about 128 mln dlrs. Heublein a former subsidiary of RJR Nabisco Inc <RJR> was recently acquired by <Grand Metropolitan PLC>. Almaden based in San Jose Calif. makes and sells table wines champagnes and bra... | NATIONAL DISTILLERS <DR> CLOSES ALMADEN SALE |
SoftTech Inc said it received a 24.8 mln dlr five-year contract from the U.S. Air Force Aeronautical Systems Division to assist in tracking and controlling the development and modification of Modular Automatic Test Equipment Systems Products. The MATE program is a system for defining acquiring and supporting automatic ... | SOFTECH INC <SOFT> GETS AIR FORCE CONTRACT |
Standard and Poors said it placed 6.6 billion dlrs of Chrysler Corp securities on CreditWatch with negative implications because of its plan to acquire the outstanding common shares of American Motors Corp <AMO> from Renault Acceptance BV for about two billion dlrs. Among the ratings under review is Chryslers BBB gr... | S/P MAY DOWNGRADE CHRYSLER <C> |
CEASARS WORLD SAYS IT IS STUDYING UNSOLICITED 28 DLR-PER-SHR OFFER BY MARTIN SOSNOFF | |
The U.S. Treasury said its weekly auction of three-month bills produced an average rate of 5.63 pct with a 5.59 pct rate on six-month bills. These rates compared with averages of 5.47 pct for the three- and 5.51 pct for the six-month bills sold last week. The bond-equivalent yield on three-month bills was 5.81 pct. Acc... | U.S. BILL AUCTION RATES AVERAGE 5.63, 5.59 PCT |
Prime Minister Brian Mulroney said the government was considering selling Petro-Canada and the sale would proceed if it were in the national interest to do so. Mulroney told the House of Commons assets of the huge oil company would be examined before a decision was made just as other state-run companies were studied be... | CANADA MULLING SELLING PETRO-CANADA - MULRONEY |
Moodys Investors Service Inc said it may downgrade 12 billion dlrs of debt of Chrysler Corp and its units including Chrysler Financial Corp. It cited Chryslers proposed acquisition of American Motors Corp <AMO>. Moodys said it would also review Americans B-1 preferred stock for possible upgrade. Moodys will assess t... | MOODY'S MAY DOWNGRADE CHRYSLER <C> AND UNITS |
The Supreme Court left intact a ruling that vacated a judgment ordering China to pay 41.3 mln dlrs for allegedly defaulting on a 1911 loan to finance construction of a railroad from Peking to Canton. The Imperial Government of China issued bonds in 1911 to help construct a section of the so-called Hukuang railroad in a... | U.S. COURT LETS CHINESE BOND SUIT DISMISSAL STAND |
Texas Air Corps Continental Airlines said it will begin service in April to Bakersfield Calif. and Eugene and Medford Ore. from its hub at Denver. From Denver Continental will fly a daily nonstop and a one-stop flight to each of the three cities the company said. Service to the Oregon cities will start April 5 and to B... | TEXAS AIR <TEX> UNIT TO EXPAND SERVICE |
<Noranda Inc> said the company planned a public share offer within three months of its Noranda Forest Inc unit which holds Norandas forest products interests. Size of the offer is still undetermined Noranda said. Noranda said Noranda Forest would operate as a freestanding subsidiary of Noranda. Noranda Forest holds ... | NORANDA TO SPIN OFF FOREST SUBSIDIARIES |
The News Corp said the South China Morning Post Ltd of Hong Kong become a wholly-owned subsidiary March 7 as previously announced. Reuter | NEWS CORP <NWS> COMPLETES PURCHASE OF NEWSPAPER |
Richmond Hill Savings Bank and <Riverhead Savings Bank FSB> said they terminated their previously announced merger negotiations. The banks gave no reason for ending the talks which began on January 14. Reuter | RICHMOND HILL<RICH>, RIVERHEAD END MERGER TALKS |
European consortium Airbus Industrie said it had no comment on press reports that it had resumed talks with U.S. McDonnell Douglas Corp over a possible joint development and production of airliners. A spokesman at Airbus headquarters in Toulouse said in a telephone interview: We have no knowledge of talks and have no c... | AIRBUS HAS NO COMMENT ON MCDONNELL TALKS |
General Cinema Corp said lower attendence at its theatres against last years record Christmas season lowered its first fiscal quarter operating earnings nine pct to 15.9 mln dlrs. While we are not off to as good a start in fiscal 1987 as we would like business has picked up in the last few weeks chairman Richard Smith ... | GENERAL CINEMA <GCN> POOR SEASON LOWERS NET |
Ceasars Wold Inc said its board is studying the unsolicited and conditional tender offer for all its common shares at 28 dlrs per share from Martin T. Sosnoff. A company spokesman said the board expects to make a recommendation shortly but could not specify a time period. Ceasars World Chairman Henry Gluck in a stateme... | CEASARS WORLD <CAW> STUDYING SOSNOFF OFFER |
Americus Trust For Bristol Myers shares announced an initial dividend of 68.75 cts payable May 12 for shareholders of record April 3. Reuter | AMERICUS TRUST <BYU> <BYP> INITIAL QTRLY DIV |
Moodys Investors Service Inc said it is reviewing the B-2 debt ratings of Resorts International Inc and of Resorts International Financing Inc for possible downgrade. Approximately 505 mln dlrs of debt is affected. Moodys said the review was prompted by the recent bid by Donald Trump to acquire control of the company. ... | MOODY'S MAY DOWNGRADE RESORTS INTERNATIONAL <RT> |
United Security Financial Corp of Illinois said it has signed a letter of intent to buy Robert Co. Brown and Co Incs <RCBI> MAGIC Insurance Group unit. Robert C. Brown and Co would receive newly issued United Security stock. United Security said it is anticipated that such stock would represent a substantial majorit... | UNITED SECURITY <UNSE> TO BUY ROBERT BROWN UNIT |
Moodys Investors Service Inc said it may downgrade 215 mln dlrs of debt of Caesars World Inc and its unit Caesars World Finance Corp. Moodys said the review was prompted by the recent bid by investor Martin Sosnoff to acquire control of the company. While Sosnoffs bid depends on several factors including licensing by b... | MOODY'S MAY DOWNGRADE CAESARS <CAW> AND UNIT |
There were three grain ships loading and two ships were waiting to load at Portland according to the Portland Merchants Exchange. Reuter | GRAIN SHIPS LOADING AT PORTLAND |
(Warrington Inc) said it sold its shoe divisions to Montreal-based (Taurus Footwear Inc) for undisclosed terms. The divisions manufacture and distribute Greb Hush Puppies Kodiak and Santana brand shoes and had revenues of about 69 mln dlrs last year Warrington said. It said the sale of the shoe divisions and the previo... | WARRINGTON SELLS SHOE DIVISIONS |
Up to 300 people were feared dead and more than 15000 were left homeless by Ecuadors earthquake whose economic cost is at least 950 mln dlrs in damages authorities said. The magnitude of the damages caused by the earthquake is gigantic President Leon Febres Cordero said after inspecting the damages in Napo the hardest-... | ECUADOR QUAKE CAUSES 950 MLN DLRS IN LOSSES |
Conoco Inc a subsidiary of DuPont Corp said it was increasing its contract prices for crude oil between 10 cts and one dlr a barrel effective today. Conoco said the increase brings its price for the U.S. benchmark crude West Texas Intermediate to 17.50 dlrs a barrel up one dlr. South Louisiana Sweet also up one dlr is ... | DUPONT <DD> UNIT RAISES CRUDE OIL PRICES |
Chicago Board of Trade (CBT) agricultural and financial futures markets could be in for a period of major upheaval later this year if the exchange goes ahead with planned renovation. A CBT spokesman told Reuters the exchange was looking at a number of options to identify the most cost effective and efficient way to pro... | CBT DISCUSSES MAJOR CHANGES FOR RENOVATION |
Fluor Corp said it won a 197.6 mln dlr contract from the U.S. Army Engineer District with a follow-on option for an additional 450 mln dlrs. Fluors Fluor Constructors Inc unit will perform procurement and construction for Ground Based Free Electron Laser-Technology Integrated Experiment Project at the White Sands Missi... | FLUOR CORP <FLR> WINS 197.6 MLN DLR ARMY CONTRACT |
Standard and Poors Corp said it may cut Piedmont Aviation Incs BBB-minus preferred stock because of USAir Group Incs <U> proposed acquisition of the airline. While the combination would strengthen both airlines market position and enhance revenue generating capability USAir Group would require substantial debt to fi... | PIEDMONT <PIE> PREFERRED MAY BE CUT BY S/P |
Beker Industries Corp said it was unable to confirm its plan for reorganization at a March 5 hearing before the U.S. Bankruptcy Court because necessary agreements had not been reached with its institutional lenders. The company said it could set no specific date for completing its reorganization. At the March 5 hearing... | BEKER <BKI> REORGANIZATION PLAN DELAYED |
A group of investment firms led by Far Hills N.J. investor Natalie Koether said it is seeking information about the shareholders of Prime Medical Services Inc over which it has said it is seeking control. In a filing with the Securities and Exchange Commission the group which includes Shamrock Associates included a Mar... | GROUP SEEKS PRIME MEDICAL <PMSI> HOLDER LIST |
Grand Metropolitan PLC said its Grandmet USA Inc unit decided to sell its physical fitness and exercise equipment business. The company said Morgan Stanely and Co Inc is advising it on the sale of the business. Reuter | <GRAND METROPOLITAN PLC> UNIT TO SELL BUSINESS |
Chrysler Corps proposed acquisition of American Motors Corp is valued at about 1.55 billion dlrs including the cost of acquisition and the 767 mln dlrs in American Motor debt that Chrysler will assume analysts said. They said Chryslers cost of acquisition was valued at 782 mln dlrs paid in cash notes and Chrysler share... | CHRYSLER <C> AMC BUYOUT VALUED AT 1.55 BILLION |
The Philippines bank advisory committee meets tomorrow to discuss its response to a novel proposal by finance minister Jaime Ongpin to pay part of the countrys interest bill with investment notes instead of cash bankers said. Ongpin outlined his plan today to the 12-bank advisory committee headed by Manufacturers Hanov... | BANKS TO MULL PHILIPPINE DEBT PROPOSAL |
Varity Corp said Perkins Engines Varitys British-based diesel engine subsidiary introduced three families of new industrial diesels ranging from 37 to 400 horsepower. The new models include four and six cylinder units two to 12 liters in displacement Varity said. Reuter | VARITY <VAT> UNIT HAS NEW INDUSTRIAL DIESELS |
Washington National Corps Washington National Insurance Co said it bought the remaining 15 pct of United Presidential Corps <UPCO> outstanding shares at 19 dlrs a share cash. The acquisition of the shares is part of a plan of exchange approved by United Presidential shareholders at a special meeting March 6. The pur... | WASHINGTON NAT'L <WNT> BUYS UNITED PRESIDENTIAL |
Conagra Inc said it completed the merger of its Sea-Alaska Products Co unit and <Trident Seafoods Corp.> Conagra said the new company in which it holds a 45 pct stake will be called Trident Seafoods Corp. Charles Bundrant president of Trident before the merger was named president of the new company Conagra said. Con... | CONAGRA <CAG> COMPLETES MERGER WITH TRIDENT |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.